Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 77

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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652  
    $8,877  
    $26,157  
    $60,795  
    $179,138  
    $349,419  
    $442,988 
  
    Denominator: 

    Basic and diluted weighted average shares outstanding 
     1,867,402  
     5,502,490  
     1,867,402  
     5,502,490  
     1,867,402  
     5,502,490  
     4,340,239  
     5,502,490 
  
    Basic and diluted net income per ordinary share 
    $0.02  
    $0.02  
    $0.00  
    $0.00  
    $0.03  
    $0.03  
    $0.08  
    $0.08 

    12

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution,
which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack
of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and
cash flows.

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair
Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due
to their short-term nature.

Convertible
Promissory Notes

The
Company has elected the bifurcation option to account for the proceeds received during 2023 and 2024 from the convertible promissory
notes to the Sponsor and related party. These promissory notes are presented in the condensed balance sheets as working capital
loans and convertible  note - related party.

The
Company analyzed convertible promissory notes to assess if the fair value option was appropriate in 2023 and 2024, due to the substantial
premium which results in an offsetting entry to additional paid-in capital and under the related party guidance which precludes the