Valuence Merger Corp. I Files DEFA14A Proxy Statement

TL;DR

Valuence Merger Corp. I filed its DEFA14A proxy statement on 6/3/24. No fee required.

AI Summary

Valuence Merger Corp. I, a SPAC, has filed a DEFA14A proxy statement on June 3, 2024. The filing indicates no fee was required for this submission. The company's former names include VMCA Sponsor, LLC and Valuence Merger Corp. I, with name changes occurring on August 11, 2022, and November 8, 2021, respectively.

Why It Matters

This filing is a routine proxy statement for a special purpose acquisition company (SPAC), indicating ongoing corporate actions and regulatory compliance.

Risk Assessment

Risk Level: low — This is a standard regulatory filing for a SPAC and does not contain new material information that would inherently increase risk.

Key Numbers

• 20240603 — Filing Date (Date the DEFA14A was filed)
• 20220811 — Name Change Date (Date of former name change to Valuence Merger Corp. I)
• 20211108 — Name Change Date (Date of earlier former name change)

Key Players & Entities

• Valuence Merger Corp. I (company) — Registrant
• VMCA Sponsor, LLC (company) — Former Company Name
• 0001493152-24-022333.txt (document) — Filing Document
• 6770 (industry_code) — Standard Industrial Classification for Blank Checks

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemab
• $11.50 — ary share, each at an exercise price of $11.50 per share VMCAW Nasdaq Stock Market
• $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
• $75,000 — n-Redeeming Shareholder an aggregate of $75,000 in cash. The Non-Redemption Agreement
• $140,000 — “ IPO ”) an amount equal to $140,000 each such month, or the Company must li

Filing Documents

• formdefa14a.htm (DEFA14A) — 114KB
• 0001493152-24-022333.txt ( ) — 116KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A PROXY THE 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 under §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)(1) and 0-11 UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 3, 2024 Valuence Merger Corp. I (Exact name of registrant as specified in its charter) Cayman Islands 001-41304 N/A (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4 Orinda Way, Suite 100D Orinda, CA 94563 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (415) 340-0222 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant VMCAU Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 VMCA Nasdaq Stock Market LLC Redeemable warrants, each warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share VMCAW Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01. Entry into a Material Definitive Agreement. As previously announced, Valuence Merger Corp. I (the "Company" or "Valuence") has called an extraordinary general meeting (the "Meeting") to seek shareholder approval of a proposal (the "Extension Amendment Proposal") to amend the Company's Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar 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 ("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"), provided that VMCA Sponsor, LLC (the "Sponsor") or its designees deposit into the Trust Account (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 On June 3, 2024, the Company entered into a non-redemption agreement (the "Non-Redemption Agreement") with an existing shareholder of the Company (the "Non-Redeeming Shareholder") and the Sponsor. Pursuant to the Non-Redemption Agreement, the Non-Redeeming Shareholder agreed not to redeem in connection with the vote to approve the Extension Amendment Proposal a number of Class A ordinary shares of the Comp

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