Valuence Merger Corp. I Files Definitive Proxy Statement

TL;DR

Valuence Merger Corp. I filed its definitive proxy statement on 5/17/24. Shareholders get info for upcoming votes.

AI Summary

Valuence Merger Corp. I filed a DEF 14A proxy statement on May 17, 2024. This filing is a definitive proxy statement, indicating it's for a shareholder meeting or vote. The company, previously known as VMCA Sponsor, LLC, is incorporated in Delaware and has a fiscal year end of December 31. Its business address is in Orinda, California.

Why It Matters

This filing provides shareholders with essential information regarding upcoming votes or meetings, allowing them to make informed decisions about the company's future direction.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new material financial information or strategic changes that would inherently increase risk.

Key Players & Entities

• Valuence Merger Corp. I (company) — Registrant
• VMCA Sponsor, LLC (company) — Former Company Name
• 0001493152-24-020466 (filing_id) — Accession Number
• 20240517 (date) — Filing Date

FAQ

Key Financial Figures

• $60,000 — n, an amount equal to the lesser of (x) $60,000 or (y) $0.03 per public share multiplie
• $0.03 — ual to the lesser of (x) $60,000 or (y) $0.03 per public share multiplied by the numb
• $30,000 — h, an amount equal to the lesser of (x) $30,000 or (y) $0.015 per public share multipli
• $0.015 — ual to the lesser of (x) $30,000 or (y) $0.015 per public share multiplied by the numb
• $140,000 — ional Extended Date, an amount equal to $140,000 ( the “ Existing Monthly Deposit
• $1,220,000 — deposited by Contributors an additional $1,220,000 into the Trust Account. If the Extens
• $630,000 — s under the New Extension will be up to $630,000. The Contributions will continue to be
• $11.50 — s defined below) at a purchase price of $11.50 per share, at a price of $1.50 per warr
• $1.50 — rice of $11.50 per share, at a price of $1.50 per warrant at the option of the Contri
• $71.2 million — f May 15, 2024, which was approximately $71.2 million (including interest not previously rele
• $11.46 — the Trust Account will be approximately $11.46 at the time of the Extraordinary Genera
• $11.44 — ary Share on Nasdaq on May 15, 2024 was $11.44. Accordingly, if the market price were
• $100,000 — rned on the Trust Account (less up to US$100,000 of interest to pay dissolution expenses
• $0.0001 — the Class A ordinary shares, par value $0.0001 per share (the “ Class A Ordinary

Filing Documents

• formdef14a.htm (DEF 14A) — 541KB
• proxy_001.jpg (GRAPHIC) — 453KB
• 0001493152-24-020466.txt ( ) — 1167KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Information Required in Proxy Statement Schedule 14A Information Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 Valuence Merger Corp. I (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(l) and 0-11. VALUENCE MERGER CORP. I 4 Orinda Way, Suite 100D Orinda, California, 94563 PROXY VALUENCE MERGER CORP. I Dear Shareholders of Valuence Merger Corp. I: You are cordially invited to attend the Extraordinary General Meeting (the “ Extraordinary General Meeting ”) of Valuence Merger Corp. I, a Cayman Islands exempted company (the “ Company ,” “ we ,” “ us ” or “ our ”), to be held on May 30, 2024, at 9:00 AM, Eastern Time, at the offices of White & Case LLP, located at 1221 Avenue of the Americas, New York, New York 10020, or at such other time, on such other date and at such other place to which the meeting may be postponed or adjourned. The accompanying proxy statement is dated May 17, 2024, and is first being mailed to shareholders of the Company on or about May 20, 2024. Please promptly submit your proxy vote by completing, dating, signing and returning the enclosed proxy, so that your shares will be represented at the Extraordinary General Meeting. It is strongly recommended that you complete and return your proxy card before the Extraordinary General Meeting date to ensure that your shares will be represented at the Extraordinary General Meeting. Instructions on how to vote your shares are on the proxy materials you received for the Extraordinary General Meeting. The Extraordinary General Meeting is being held to consider and vote upon the following proposals: 1. Proposal No. 1 — The Extension Amendment Proposal — as a special resolution, to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) pursuant to an amendment to the Charter in the form set forth in Annex A of the accompanying proxy statement to extend (the “ New Extension ”) the date (the “ Deadline Date ”) by which the Company must consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination (a “ Business Combination ”) from June 3, 2024 for an initial two month period to August 3, 2024 and to permit the Company, without another shareholder vote, by resolution of the Company’s board of directors (the “ Board ”), to elect to further extend the Deadline Date up to nineteen (19) additional times for an additional one (1) month each time (the “ Extension Amendment Proposal ”), provided that VMCA Sponsor, LLC or its designees deposit into the trust account (the “ Trust Account ”) established in connection with the Company’s initial public offering (“ IPO ”) (i) on June 4, 2024, with respect to the initial extension, an amount equal to the lesser of (x) $60,000 or (y) $0.03 per public share multiplied by the number of public shares outstanding and (ii) one business day following the public announcement by the Company that the Board has elected to further extend such date for an additional month, an amount equal to the lesser of (x) $30,000 or (y) $0.015 per public share multiplied by the number of public shares outstanding; and 2. Proposal No. 2 — The Adjournment Proposal — as an ordinary resolution, to approve the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary or convenient, (i) to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Amendment Proposal, or if we otherwise determine that additional time is necessary or convenient to effectuate the New Extension or (ii) if the Board determines before the Extraordinary General Meeting that it is not necessary or no longer desirable to proceed with the Extension Amendment Proposal (the “ Adjournment Proposal ”). Each of the Extension Amendment Proposal and the Adjournment Proposal is more fully described in the accompanying proxy statement, which you are encouraged to read carefully. THE BOARD UNANIMOUSLY RECOMMENDS A VOTE

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View this DEF 14A filing on SEC EDGAR