Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 85

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 85
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 Business Combination
as a result of the anti-dilution provisions contained in our Articles. However, our Articles provide, among other things, that prior
to our initial Business Combination, we may not issue additional ordinary shares that would entitle the holders thereof to (i) receive
funds from the Trust Account or (ii) vote on any initial Business Combination. The issuance of additional ordinary shares or preference
shares:

    ●
    may
    significantly dilute the equity interest of investors in the IPO;

    ●
    may
    subordinate the rights of holders of ordinary shares if preference shares are issued with rights senior to those afforded our ordinary
    shares;

    ●
    could
    cause a change in control if a substantial number of ordinary shares are issued, which may affect, among other things, our ability
    to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and
    directors; and

    ●
    may
    adversely affect prevailing market prices for our Units, Class A ordinary shares and/or Public Warrants.

45

We
did not register the Class A ordinary shares issuable upon exercise of the warrants under federal or any state securities laws, and such
registration may not be in place when an investor desires to exercise warrants, thus precluding such investor from being able to exercise
its warrants except on a cashless basis and potentially causing such warrants to expire worthless.

We
did not register the Class A ordinary shares issuable upon exercise of the warrants under any federal or state securities laws. However,
under the terms of the warrant agreement, we have agreed that as soon as practicable, but in no event later than 15 business days after
the closing of our initial Business Combination, we will use our best efforts to file, and within 60 business days following our initial
Business Combination to have declared effective, a post-effective amendment to the registration statement for the IPO or a new registration
statement covering such shares and maintain a current prospectus relating to the Class A ordinary shares issuable upon exercise of the
warrants, until the expiration of the warrants in accordance with the provisions of the warrant agreement. We cannot assure you that
we will be able to do so if, for example, any facts or events arise which represent a fundamental change in the information set forth
in the registration statement or prospectus, the financial statements contained or incorporated by reference therein are not current
or correct or the SEC issues a stop