Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 87

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 87
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 may adversely affect the market price of our Class
A ordinary shares.

Our
Initial Shareholders and their permitted transferees can demand that we register their Founder Shares, after those shares convert to
our Class A ordinary shares at the time of our initial Business Combination. In addition, holders of our Private Placement Warrants and
their permitted transferees can demand that we register the Private Placement Warrants and the Class A ordinary shares issuable upon
exercise of the Private Placement Warrants, and holders of warrants that may be issued upon conversion of working capital loans, may
demand that we register such warrants or the Class A ordinary shares issuable upon exercise of such warrants. We will bear the cost of
registering these securities. The registration and availability of such a significant number of securities for trading in the public
market may have an adverse effect on the market price of our Class A ordinary shares. In addition, the existence of the registration
rights may make our initial Business Combination more costly or difficult to conclude. This is because the shareholders of the target
business may increase the equity stake they seek in the combined entity or ask for more cash consideration to offset the negative impact
on the market price of our Class A ordinary shares that is expected when the ordinary shares owned by our Initial Shareholders, holders
of our Private Placement Warrants or holders of our Working Capital Loans or their respective permitted transferees are registered.

Provisions
in our Articles may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our Class
A ordinary shares and could entrench management.

Our
Articles contain provisions that may discourage unsolicited takeover proposals that shareholders may consider to be in their best interests.
These provisions include the ability of the Board of Directors to designate the terms of and issue new series of preference shares, which
may make more difficult the removal of management and may discourage transactions that otherwise could involve payment of a premium over
prevailing market prices for our securities.

46

If
we seek shareholder approval of our initial Business Combination, our Initial Shareholders, officers and directors have agreed to vote
in favor of such initial Business Combination, regardless of how our Public Shareholders vote. In addition, our Initial Shareholders
hold substantial interest in us and, as a result, may exert a substantial influence on actions requiring shareholder vote, potentially
in a manner that you do not support.

Unlike
other blank check companies in which the Initial Shareholders agree to vote their Founder Shares in accordance with the