Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 344

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 344
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 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 the following:

SCHEDULE
OF SEGMENT INFORMATION 

    December 31, 

    2024 
  
    Trust Account 
    $22,206,637 
  
    Cash 
    $61,037 

    Year Ended 

    December 31, 

    2024 
  
    General and administrative expenses 
    $1,123,794 
  
    Recoveries of previously incurred general and administrative expenses 
    $(1,606,332)
  
    Interest earned on investments and cash held in Trust Account 
    $1,920,591 

The
CODM reviews interest earned on investments and cash held in Trust Account to measure and monitor shareholder value and determine
the most effective strategy of investment with the Trust Account funds while maintaining compliance with the Trust
Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to
complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative expenses, as reported on the statements of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income are reported on the statements of operations and described within their respective disclosures.

NOTE
10 — SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements
were issued. Based upon this review, except as described below, the Company did not identify any subsequent events that would have required
adjustment or disclosure in the financial statements.

On
February 1, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an
initial business combination by an additional month, from February 3, 2025 to March 3, 2025, the seventh of