Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 45

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 45
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 equal to (x) $30,000 or (y) $0.0015
per public share multiplied by the number of Public Shares outstanding. Our Board of Directors has discretion to decide if we will not
further extend the Combination Period.

25

If
we have not completed our initial Business Combination within the Combination Period, we will: (i) cease all operations except for the
purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares,
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which
interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses and net of taxes payable) divided
by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders
(including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining shareholders and our Board of Directors, liquidate and dissolve,
subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. In such case, our Public Shareholders may, based on estimates as of December 31, 2024, receive approximately $11.89 per share. 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. See “- If third parties bring claims against us, the
proceeds held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than $11.89
per share, which is the estimated per share amount held in our Trust Account as of December 31, 2024” and other risk factors
herein.

Our
current life term is on a month-to-month basis and our existence is subject to our Board of Directors’ sole discretion, as well
as contingent on the deposit of monthly New Contributions into the Trust Account. If the Board of Directors elects not to extend the
Combination Period, or the Sponsor fails to deposit the New Contribution, we would cease all operations except for the purpose of winding
up and we would redeem our Public Shares and liquidate.

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