Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 86

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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,637 held in an interest-bearing bank demand deposit account.
Through December 31, 2024, the Company has withdrawn $49,900,380 on the Trust Account in connection with redemptions.

    16

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

NOTE
9 — SEGMENT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management
has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income that also is reported on the
statements of operations as net income. The measure of segment assets is reported on the balance sheets as total assets. When evaluating
the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included
in net income and total assets, which include the following:

 SCHEDULE OF SEGMENT INFORMATION

    March 31,  
    March 31, 

    2025  
    2024 
  
    Trust Account 
    $22,444,007  
    $70,668,487 
  
    Cash 
    $69,188  
    $25,017 

    Three Months Ended  
    Three Months Ended 

    March 31,  
    March 31, 

    2025  
    2024 
  
    General and administrative expenses 
    $277,371  
    $257,469 
  
    Recoveries of previously incurred general and administrative expenses 
    $(121,000) 
     — 
  
    Interest earned on investments and cash held in Trust Account 
    $181,347  
    $846,150 

The