Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 77

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 77
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 of, any of our directors or officers. The unexpected loss of the services of one or more of our
directors or officers could have a detrimental effect on us.

Since
our Initial Shareholders, executive officers and directors will lose their entire investment in us if our initial Business Combination
is not completed, a conflict of interest may arise in determining whether a particular target is appropriate for our initial Business
Combination.

The
Sponsor and our Company’s officers and directors have interests that may be different from, or in addition to, the Public Shareholders’
interests. For example:

    ●
    If
    we do not consummate a Business Combination and we liquidate, the 5,502,490 Founder Shares held by the Sponsor will be worthless,
    as the Sponsor has waived liquidation rights with respect to such shares, as will the 2,666,667 Private Placement Warrants held by
    the Sponsor and 4,000,000 Private Placement Warrants held by Valuence Partners LP. The Sponsor and Valuence Partners LP purchased
    the Founder Shares for an aggregate purchase price of $25,000, or approximately $0.00043 per share, and purchased the Private Placement
    Warrants for $1.50 per warrant, or $10,000,000 in the aggregate.

    ●
    For
    extensions beginning on January 3, 2024 through May 3, 2024, Sponsor and its affiliate invested a total of $700,000 of Contributions.
    The Sponsor and its affiliate also invested $56,022 for an initial two month period of June 3, 2024 to August 3, 2024 and thereafter
    eight additional deposits of $28,011 for an aggregate principal amount of $280,110 into our Trust Account as New Contributions for
    eight monthly extensions to April 3, 2025. Such Contributions and New Contributions are evidenced by the Contribution Notes and June
    2024 Note and will be repayable upon the consummation of our Business Combination or our earlier liquidation. However, if we do not
    consummate a Business Combination and we liquidate, any such promissory notes will be repaid only from funds held outside of the
    Trust Account or will be forfeited, eliminated or otherwise forgiven.

    ●
    The
    Sponsor and the Company’s officers and directors and their respective affiliates are entitled to reimbursement of out-of-pocket
    expenses incurred