Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 0

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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VALUENCE
MERGER CORP. I

CONDENSED
BALANCE SHEETS

    September 30, 2025  
    December 31, 2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash 
    $43,136  
    $61,037 
  
    Prepaid expenses 
     24,986  
     48,474 
  
    Total current assets 
     68,122  
     109,511 

    Cash held in Trust Account 
     22,985,208  
     22,206,637 
  
    TOTAL ASSETS 
    $23,053,330  
    $22,316,148 

    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses and accounts payable 
    $718,994  
    $766,821 
  
    Advance from related party 
     1,553,460  
     1,008,384 
  
    Working capital loans 
     913,207  
     913,207 
  
    Convertible note - related party 
     1,650,941  
     1,650,941 
  
    Total current liabilities 
     4,836,602  
     4,339,353 

    Deferred underwriting fees 
     8,105,480  
     8,105,480 
  
    TOTAL LIABILITIES 
     12,942,082  
     12,444,833 

    Commitments and Contingencies 
     -  
     - 

    Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,867,402 shares at redemption value of $12.31 and $11.89 per share as of September 30, 2025 and December 31, 2024, respectively 
     22,985,208  
     22,206,637 

    SHAREHOLDERS’ DEFICIT 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of September 30, 2025 and December 31, 2024 
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