Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 4

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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17,930) 
     73,392 
  
    Net cash used in operating activities 
     (125,827) 
     (239,799)

    Cash Flows from Investing Activities: 

    Investment of cash into trust account 
     (56,022) 
     (420,000)
  
    Net cash used in investing activities 
     (56,022) 
     (420,000)

    Cash Flows from Financing Activities: 

    Proceeds from convertible promissory note 
     190,000  
     — 
  
    Net cash provided by financing activities 
     190,000  
     — 

    Net Change in Cash 
     8,151  
     (659,799)
  
    Cash – Beginning of period 
     61,037  
     684,816 
  
    Cash – End of period 
    $69,188  
    $25,017 

The
accompanying notes are an integral part of these unaudited condensed financial statements.

4

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

NOTE
1- DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Valuence
Merger Corp. I (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on August 27, 2021.
The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or entities (a “Business Combination”).

The
Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. However, the Company intends
to concentrate its efforts in identifying a potential Business Combination partner that is based in Asia (excluding China, Hong Kong
and Macau) and who is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology. The
Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early
stage and emerging growth companies.

As
of March 31, 2025, the Company had not commenced any operations. All activity for the period from August 27, 2021 (inception) through
March 31, 2025