Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 23

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 23
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 to make payment of customary
fees to members of our Board of Directors for director service. Any such payments prior to our initial Business Combination will be made
from funds held outside the Trust Account. Other than the foregoing, there will be no finder’s fees, reimbursement, consulting
fee, monies in respect of any payment of a loan or other compensation paid by us to our Sponsor, officers or directors, or any affiliate
of our Sponsor or officers prior to, or in connection with any services rendered in order to effectuate, the consummation of our initial
Business Combination (regardless of the type of transaction that it is).

We
are not prohibited from pursuing an initial Business Combination with a target that is affiliated with our Sponsor, officers or directors,
or from completing the Business Combination through a joint venture or other form of shared ownership with our Sponsor, officers or directors.
In the event we seek to complete our initial Business Combination with a target that is affiliated with our Sponsor, officers or directors,
we, or a committee of independent directors, would obtain an opinion from an independent investment banking firm which is a member of
FINRA or a valuation or appraisal firm, that such an initial Business Combination is fair to our Company from a financial point of view.
We are not required to obtain such an opinion in any other context. Our Articles provides that a target will not be deemed an affiliate
solely by virtue of ownership by our Sponsor or its affiliates, or any of their or our executive officers or directors, of less than
10% of its ordinary shares, individually or in the aggregate.

Evaluation
of a Target Business and Structuring of Our Initial Business Combination

In
evaluating a prospective target business, we expect to conduct a due diligence review which may encompass, among other things, meetings
with incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities, as applicable,
as well as a review of financial, operational, legal and other information which will be made available to us. If we determine to move
forward with a particular target, we will proceed to structure and negotiate the terms of the Business Combination transaction.

The
time required to select and evaluate a target business and to structure and complete our initial Business Combination, and the costs
associated with this process, are not currently ascertainable with any degree of certainty. Any costs incurred with respect to the identification
and evaluation of, and negotiation with, a prospective target business with which our initial Business Combination is not ultimately
completed will result