Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 85

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 85
---
 option fully expired.

The
underwriters are entitled to a deferred fee of $8,105,480 in connection with their purchase of Units in the Initial Public Offering and
partial exercise of their over-allotment option. The deferred fee will become payable to the underwriters from the amounts held in the
Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

NOTE
7 - SHAREHOLDERS’ DEFICIT

Preference
shares - The Company is authorized to issue 1,000,000 preference shares with a par value of $0.0001 per share,
with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s Board of
Directors. At September 30, 2025 and December 31, 2024, there were no preference shares issued or outstanding.

Class
A ordinary shares -  The Company is authorized to issue 180,000,000 Class A ordinary shares, with a par
value of $0.0001 per share. Holders of Class A ordinary shares are entitled to one vote for each share. On June 3, 2024, pursuant to
the terms of the Articles, the Sponsor and Valuence Partners LP elected to convert an aggregate of 5,502,488 Class B ordinary shares
held by them on a one-for-one basis into Class A ordinary shares. At each of September 30, 2025 and December 31, 2024, there were 7,369,890
Class A ordinary shares issued and outstanding, which included 1,867,402 ordinary shares subject to redemption, respectively.

    15

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Class
B ordinary shares -  The Company is authorized to issue 20,000,000 Class B ordinary shares, with a par value of
$0.0001 per share. Holders of the Class B ordinary shares are entitled to one vote for each share. The Founder Shares included an aggregate
of up to 750,000 shares subject to forfeiture if the over-allotment option is not exercised by the underwriters in full. On March 8,
2022, the underwriters partially exercised their over-allotment option