Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1376

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1376
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 the Trust Account were comprised of $22,206,637 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 Through December 31, 2024, the Company has withdrawn $49,900,380 on the Trust Account in connection with
redemption.

At
December 31, 2023, assets held in the Trust Account were comprised of $69,402,338 in money market funds which are invested primarily
in U.S. Treasury Securities. Through December 31, 2024, the Company has withdrawn $167,831,206 on the Trust Account in connection with
redemption.

The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December
31, 2024 and 2023 indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 SCHEDULE OF FAIR VALUE HIERARCHY VALUATION 

    Description 
    Level  
    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Investments and cash held in Trust Account – U.S. Treasury Securities Money Market
    Fund 
     1  
    $—  
    $69,402,338 

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.

    F-21

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