Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 46

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 46
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the June 2024 Meeting, the Company’s shareholders approved an amendment to the Articles to extend the date by which the Company
has to consummate an initial Business Combination from June 3, 2024 for an initial two month period to August 3, 2024 and to permit the
Company, without another shareholder vote, by resolution of the board of directors, to elect to further extend such date up to nineteen
(19) additional times for an additional one (1) month each time, up to March 3, 2026, provided that the Sponsor or its designees deposit
a New Contribution of (i) $56,022 for the initial two-month period and (ii) $28,011 per month thereafter into the Trust Account.

Such
monthly extensions of the Combination Period are therefore subject to the discretion of the Board of Directors and subject to our Sponsor
depositing into the Trust Account the New Contribution. The Sponsor is not obligated to do so and may choose at any time not to. In either
event, the Company would cease all operations except for the purpose of winding up and would redeem its Public Shares and liquidate.

Our
search for a Business Combination, and any target business with which we may ultimately consummate a Business Combination, may be materially
adversely affected by difficult market and geopolitical conditions.

The
United States and global markets are experiencing volatility and disruption resulting from, among other things, the ongoing geopolitical tensions and conflict from the Russian-Ukraine war and Israel-Hamas conflict. These conflicts and the resulting measures that have been taken,
and could be taken in the future, by NATO, the United States, the United Kingdom, the European Union and other countries have created
global security concerns that could have a lasting impact on regional and global economies. 

In addition, concerns over potential increases in inflation, economic recession, as well as interest rate volatility and fluctuations
in commodity prices, have exacerbated market volatility. Market uncertainty and volatility have also been magnified as a result actual
and potential shifts in U.S. and foreign trade, economic and other policies, including with respect to treaties and tariffs.

Any
such events may cause significant volatility and declines in the global markets, disproportionate impacts to certain industries or sectors,
disruptions to commerce (including to economic activity, travel and supply chains), loss of life and property damage, and may adversely
affect the global economy or capital markets, and the business of any potential target with which we may consummate a Business Combination
could