Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 54

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 54
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 the 10 years following redemption. Accordingly, the per-share redemption amount
received by Public Shareholders could be less than the $11.89 per share currently held in the Trust Account, estimated as of December
31, 2024, due to claims of such creditors.

29

Pursuant
to the letter agreement which is filed as an exhibit to this Annual Report, our Sponsor has agreed that it will be liable to us if and
to the extent any claims by a vendor (other than our independent registered accounting firm) for services rendered or products sold to
us, or a prospective target business with which we have entered into a letter of intent, confidentiality, or other similar agreement
for a Business Combination, reduce the amount of funds in the Trust Account to below (i) $10.00 per Public Share or (ii) such lesser
amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value
of the trust assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who
executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under our indemnity of the underwriters
of the IPO against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver
is deemed to be unenforceable against a third party, our Sponsor will not be responsible to the extent of any liability for such third-party
claims. We have not independently verified whether our Sponsor has sufficient funds to satisfy their indemnity obligations and believe
that our Sponsor’s only assets are securities of our Company. Our Sponsor may not have sufficient funds available to satisfy those
obligations. We have not asked our Sponsor to reserve for such obligations, and therefore, no funds are currently set aside to cover
any such obligations. As a result, if any such claims were successfully made against the Trust Account, the funds available for our initial
Business Combination and redemptions could be reduced to less than $10.00 per Public Share. In such event, we may not be able to complete
our initial Business Combination, and you would receive such lesser amount per share in connection with any redemption of your Public
Shares. None of our officers or directors will indemnify us for claims by third parties including, without limitation, claims by vendors
and prospective target businesses.

Our
directors may decide not