Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 67

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 67
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 respect to our warrants.

We
anticipate that the investigation of each specific target business and the negotiation, drafting and execution of relevant agreements,
disclosure documents and other instruments will require substantial management time and attention and substantial costs for accountants,
attorneys and others. If we decide not to complete a specific initial Business Combination, the costs incurred up to that point for the
proposed transaction likely would not be recoverable. Furthermore, if we reach an agreement relating to a specific target business, we
may fail to complete our initial Business Combination for any number of reasons including those beyond our control. Any such event will
result in a loss to us of the related costs incurred which could materially adversely affect subsequent attempts to locate and acquire
or merge with another business. 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 on the liquidation of our Trust Account. There will be no liquidating
distributions with respect to our warrants. See “- If third parties bring claims against us, the proceeds held in the Trust
Account could be reduced and the per-share redemption amount received by shareholders may be less than $11.89 per share, which is the
estimated per share amount held in our Trust Account as of December 31, 2024” and other risk factors.

35

Our
key personnel may negotiate employment or consulting agreements with a target business in connection with a particular Business Combination.
These agreements may provide for them to receive compensation following our initial Business Combination and as a result, may cause them
to have conflicts of interest in determining whether a particular business combination is the most advantageous.

Our
key personnel may be able to remain with the post-transaction company after the completion of our initial Business Combination only if
they are able to negotiate employment or consulting agreements in connection with the Business Combination. Such negotiations would take
place simultaneously with the negotiation of the Business Combination and could provide for such individuals to receive compensation
in the form of cash payments and/or our securities for services they would render to us after the completion of the Business Combination.
The personal and financial interests of such individuals may influence their motivation in identifying and selecting a target business,
subject to his or her fiduciary duties under Cayman Islands law. However, we believe the ability of such individuals to remain with us
after the completion of our initial Business Combination will not be the determining factor in our decision as to