Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 262

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 262
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. Whether CFIUS has jurisdiction
to review an acquisition or investment transaction depends on, among other factors, the nature and structure of the transaction, the
nationality of the parties, the level of beneficial ownership interest and the nature of any information or governance rights involved.

The
Sponsor is “controlled” (as defined in 31 CFR 800.208) by one or more foreign persons, such that the Sponsor’s involvement
in any initial Business Combination may be a “covered transaction” (as defined in 31 CFR 800.213). For so long as the Sponsor
retains a material ownership interest in us, we may be deemed a “foreign person” under the regulations relating to CFIUS.
As such, an initial Business Combination with a U.S. business or foreign business with U.S. operations that we may wish to pursue may
be subject to CFIUS review. It is possible that non-U.S. persons could be involved in our initial Business Combination, which may increase
the risk that our initial Business Combination becomes subject to regulatory review. If a particular proposed initial Business Combination
with a U.S. business falls within CFIUS’s jurisdiction, we may determine that we are required to make a mandatory filing or that
we will submit to CFIUS review on a voluntary basis, or to proceed with the transaction without submitting to CFIUS and risk CFIUS intervention,
before or after closing the transaction. In such circumstances, CFIUS may decide to delay or recommend that the President of the United
States block our proposed initial Business Combination, require conditions with respect to such Business Combination or recommend that
the President of the United States order us to divest all or a portion of the U.S. target business of our Business Combination that we
acquired without first obtaining CFIUS approval, which may limit the attractiveness of, or delay or prevent us from pursuing, certain
target companies that we believe would otherwise be beneficial to us and our shareholders. In addition, certain types of U.S. businesses
may be subject to rules or regulations that limit or impose requirements with respect to foreign ownership. If CFIUS determines it has
jurisdiction, CFIUS may decide to recommend a block or delay our initial Business Combination, or require conditions with respect to
it, which may delay or prevent us from consummating a potential transaction.

56

The
process of government review, whether by CFIUS or otherwise, could be lengthy. Because we have only a limited