Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 40

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 40
---

of our Trust Account. There will be no redemption rights or liquidating distributions with respect to our warrants.

Your
only opportunity to affect the investment decision regarding a potential Business Combination will be limited to the exercise of your
right to redeem your shares from us for cash, unless we seek shareholder approval of the Business Combination.

At
the time of your investment in us, you will not be provided with an opportunity to evaluate the specific merits or risks of one or more
target businesses. Since our Board of Directors may complete a Business Combination without seeking shareholder approval, Public Shareholders
may not have the right or opportunity to vote on the Business Combination, unless we seek such shareholder approval. Accordingly, if
we do not seek shareholder approval, your only opportunity to affect the investment decision regarding a potential Business Combination
may be limited to exercising your redemption rights within the period of time (which will be at least 20 business days) set forth in
our tender offer documents mailed to our Public Shareholders in which we describe our initial Business Combination.

23

Because
of our limited resources and the significant competition for business combination opportunities due to the number of special purpose
acquisition companies evaluating targets increasing, it may increase the cost of our initial Business Combination or could even result
in our inability to consummate our initial Business Combination. If we are unable to complete our initial Business Combination within
the Combination Period under our Articles, our Public Shareholders may, based on estimates as of December 31, 2024, receive approximately
$11.89 per share, or less in certain circumstances, in connection with the liquidation of our Trust Account, and there will be no liquidating
distributions with respect to our warrants.

We
expect to encounter intense competition from other entities having a business objective similar to ours, including private investors
(which may be individuals or investment partnerships), other blank check companies and other entities, domestic and international, competing
for the types of businesses we intend to acquire. Many of these individuals and entities are well-established and have extensive experience
in identifying and effecting, directly or indirectly, acquisitions of companies operating in or providing services to various industries.
Many of these competitors possess greater technical, human and other resources or more local industry knowledge than we do and our financial
resources will be relatively limited when contrasted with those of many of these competitors. While we believe there are numerous target
businesses we could potentially acquire with the net proceeds of the IPO and the sale of the Private Placement Warrants, our ability