Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 849

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 849
---
 behalf such as identifying
potential target businesses and performing due diligence on suitable Business Combinations. Our audit committee will review on a quarterly
basis all payments that were made to our Sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial
Business Combination will be made from funds held outside the Trust Account. Other than quarterly audit committee review of such reimbursements,
we do not expect to have any additional controls in place governing our reimbursement payments to our directors and officers for their
out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial
Business Combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting
fees, will be paid by the Company to our Sponsor, officers and directors, or any of their respective affiliates, prior to completion
of our initial Business Combination.

After
the completion of our initial Business Combination, directors or members of our management team who remain with us may be paid consulting
or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in
the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed initial Business
Combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or
members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial Business Combination,
because the directors of the post-combination business will be responsible for determining officer and director compensation.

Any
compensation to be paid to our officers will be determined, or recommended to the Board of Directors for determination, either by a compensation
committee constituted solely by independent directors or by a majority of the independent directors on our Board of Directors.

We
do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation
of our initial Business Combination, although it is possible that some or all of our officers and directors may negotiate employment
or consulting arrangements to remain with us after our initial Business Combination. The existence or terms of any such employment or
consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting
a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial Business
Combination will be a determining factor in our decision to