Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 205

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 205
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 liquidation
and subsequent dissolution requirement if we do not complete our initial Business Combination by the Combination Period. As such, there
is a risk that we will be unable to continue as a going concern if liquidity needs arise or if we do not consummate an initial Business
Combination by the applicable deadline and our independent registered public accounting firm’s report contains an explanatory paragraph
that expresses substantial doubt about our ability to continue as a going concern. If we are unable to effect our initial Business Combination
by the deadline, we will be forced to liquidate.” for additional information regarding our ability to continue as a going concern.

28

We
believe we have access to capital that will be sufficient to allow us to operate for at least the Combination Period; however, we cannot
assure you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds available to us to pay fees
to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down payment or to fund
a “no-shop” provision (a provision in letters of intent designed to keep target businesses from “shopping” around
for transactions with other companies on terms more favorable to such target businesses) with respect to a particular proposed Business
Combination, although we do not have any current intention to do so. If we entered into a letter of intent where we paid for the right
to receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as a result of our breach
or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect to, a target business.
If we are unable to complete our initial Business Combination, our Public Shareholders may, based on estimates as of December 31, 2024,
receive approximately $11.89 per share (or less in certain circumstances) on the liquidation of our Trust Account. There will be no redemption
rights or liquidating distributions with respect to our warrants. In certain circumstances, our Public Shareholders may receive less
than $11.89 per share on the redemption of their shares.

Subsequent
to the completion of our initial Business Combination, we may be required to take write-downs or write-offs, restructuring and impairment
or other charges that could have a significant negative effect on our financial condition, results of operations and our share price,
which could cause you to lose some or all of your investment.

While
we intend