Company: VMCWF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023470
Chunk: 0

Company: Valuence Merger Corp. I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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VALUENCE
MERGER CORP. I

CONDENSED
BALANCE SHEETS

    June
    30, 2025  
    December
    31, 2024 

    (Unaudited)  

    ASSETS 

    Current
    assets 

    Cash 
    $92,661  
    $61,037 
  
    Prepaid
    expenses 
     44,975  
     48,474 
  
    Total
    current assets 
     137,636  
     109,511 

    Cash
    held in trust account 
     22,713,372  
     22,206,637 
  
    TOTAL
    ASSETS 
    $22,851,008  
    $22,316,148 

    LIABILITIES,
    CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 

    Current
    liabilities 

    Accrued
    expenses and accounts payable 
    $777,913  
    $766,821 
  
    Advance
    from related party 
     1,448,460  
     1,008,384 
  
    Working
    capital loans 
     913,207  
     913,207 
  
    Convertible
    note - related party 
     1,650,941  
     1,650,941 
  
    Total
    current liabilities 
     4,790,521  
     4,339,353 

    Deferred
    underwriting fees 
     8,105,480  
     8,105,480 
  
    TOTAL
    LIABILITIES 
     12,896,001  
     12,444,833 

    Commitments
    and Contingencies 
     -   
     -  

    Class
    A ordinary shares subject to possible redemption, $0.0001 par value; 1,867,402 shares at redemption value of $12.16 and $11.89 per
    share at June 30, 2025 and December 31, 2024, respectively 
     22,713,372  
     22,206,637 

    SHAREHOLDERS’
    DEFICIT 

    Preference
    shares, $0.