Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1377

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1377
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 the following:

SCHEDULE
OF SEGMENT INFORMATION 

    December 31, 

    2024 
  
    Trust Account 
    $22,206,637 
  
    Cash 
    $61,037 

    Year Ended 

    December 31, 

    2024 
  
    General and administrative expenses 
    $1,123,794 
  
    Recoveries of previously incurred general and administrative expenses 
    $(1,606,332)
  
    Interest earned on investments and cash held in Trust Account 
    $1,920,591 

The
CODM reviews interest earned on investments and cash held in Trust Account to measure and monitor shareholder value and determine
the most effective strategy of investment with the Trust Account funds while maintaining compliance with the Trust
Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to
complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative expenses, as reported on the statements of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income are reported on the statements of operations and described within their respective disclosures.

NOTE
10 — SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements
were issued. Based upon this review, except as described below, the Company did not identify any subsequent events that would have required
adjustment or disclosure in the financial statements.

On
February 1, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an
initial business combination by an additional month, from February 3, 2025 to March 3, 2025, the seventh of 19 potential one-month
extensions available to the Company. In connection with such extension, the Company caused to be deposited an additional $28,011
into the Company’s Trust Account.

On
March 3, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an
initial business combination by an additional month, from March 3, 2025 to April 3,