Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 104

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 104
---
 as government policies, of the country in which our operations are located could affect
our business. We will not pursue or consummate our initial Business Combination with any entity with its principal business operations
in China, Hong Kong or Macau. Economic growth could be uneven, both geographically and among various sectors of the economy and such
growth may not be sustained in the future. If in the future such country’s economy experiences a downturn or grows at a slower
rate than expected, there may be less demand for spending in certain industries. A decrease in demand for spending in certain industries
could materially and adversely affect our ability to find an attractive target business with which to consummate our initial Business
Combination and if we effect our initial Business Combination, the ability of that target business to become profitable.

54

Exchange
rate fluctuations and currency policies may cause a target business’ ability to succeed in the international markets to be diminished.

In
the event we acquire a non-U.S. target, all revenues and income would likely be received in a foreign currency, and the dollar equivalent
of our net assets and distributions, if any, could be adversely affected by reductions in the value of the local currency. The value
of the currencies in our target regions fluctuate and are affected by, among other things, changes in political and economic conditions.
Any change in the relative value of such currency against our reporting currency may affect the attractiveness of any target business
or, following consummation of our initial Business Combination, our financial condition and results of operations. Additionally, if a
currency appreciates in value against the dollar prior to the consummation of our initial Business Combination, the cost of a target
business as measured in dollars will increase, which may make it less likely that we are able to consummate such transaction.

Changes
to laws or regulations or in how such laws or regulations are interpreted or applied, or a failure to comply with any laws, regulations,
interpretations or applications may adversely affect our business, including our ability to negotiate and complete our initial Business
Combination.

We
are subject to laws and regulations, and interpretations and applications of such laws and regulations, of national, regional, state
and local governments and applicable non-U.S. jurisdictions. In particular, we are required to comply with certain SEC and potentially
other legal and regulatory requirements, and our consummation of an Initial Business Combination may be contingent upon our ability to
comply with certain laws, regulations, interpretations and applications and any post-Business Combination