Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 194

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 194
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 the number of special purpose
acquisition companies evaluating targets increasing, it may increase the cost of our initial Business Combination or could even result
in our inability to consummate our initial Business Combination. If we are unable to complete our initial Business Combination within
the Combination Period under our Articles, our Public Shareholders may, based on estimates as of December 31, 2024, receive approximately
$11.89 per share, or less in certain circumstances, in connection with the liquidation of our Trust Account, and there will be no liquidating
distributions with respect to our warrants.

We
expect to encounter intense competition from other entities having a business objective similar to ours, including private investors
(which may be individuals or investment partnerships), other blank check companies and other entities, domestic and international, competing
for the types of businesses we intend to acquire. Many of these individuals and entities are well-established and have extensive experience
in identifying and effecting, directly or indirectly, acquisitions of companies operating in or providing services to various industries.
Many of these competitors possess greater technical, human and other resources or more local industry knowledge than we do and our financial
resources will be relatively limited when contrasted with those of many of these competitors. While we believe there are numerous target
businesses we could potentially acquire with the net proceeds of the IPO and the sale of the Private Placement Warrants, our ability
to compete with respect to the acquisition of certain target businesses that are sizable will be limited by our available financial resources.
This inherent competitive limitation gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore,
if we are obligated to pay cash for the Class A ordinary shares redeemed and, in the event we seek shareholder approval of our initial
Business Combination, we make purchases of our Class A ordinary shares, the resources available to us for our initial Business Combination
may be reduced. Any of these obligations may place us at a competitive disadvantage in successfully negotiating a Business Combination.
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, based
on estimates as of December 31, 2024, less than $11.89 per share on the redemption of their shares. See “