VMCUFOTCBlank ChecksUS GAAP · USD

Valuence Merger Corp. I

Valuence Merger Corp. I is a blank check company formed to complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. It is organized as a Cayman Islands exempted company and is based in the United States for reporting purposes, with no operating business of its own prior to a transaction.

Ask about the company
Operating profit (EBIT)-0.4m USD
−187.8 %y/y
Net income0.3m USD
−88.3 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-3-2-101m USD2022: EBIT -2.6 m USD20222023: EBIT -1.4 m USD20232024: EBIT 0.48 m USD20242025: EBIT -0.42 m USD2025-0.42
RevenueOperating profit (EBIT)

Business

Share of revenue
SPAC structure100 %

A shell company structure used to identify and combine with an operating business.

Customers

The company does not sell products or services to end customers before a business combination. Its practical counterparties are target businesses, their owners, and capital providers involved in evaluating and financing a future transaction. After a combination, the customer base would depend entirely on the acquired operating business.

Target companies

Private operating businesses that may combine with the SPAC to access public markets.

Founders and selling shareholders

Owners of the target business who would receive consideration in a transaction.

Public investors

Investors in the SPAC securities who provide the capital held in trust.

Sponsor and related parties

Parties that may provide loans or advances to fund operating expenses before a deal closes.

Strategy

The company’s strategy is to identify and complete a business combination with an operating business that fits its stated focus on Asia-based targets outside China, Hong Kong, and Macau. It seeks businesses in breakthrough life sciences or sustainable technology, which shapes the type of diligence, valuation, and financing structure it pursues. Until a transaction closes, the company’s value creation depends on sourcing, negotiating, and completing a suitable combination.

Identify a suitable target businessShort term

The company has no operating revenue until it completes a combination.

Structure and close a business combinationShort term

A completed transaction is the core path to becoming an operating company.

Maintain compliance with SPAC listing requirementsShort term

The transaction must satisfy size and control thresholds to proceed.

Geography

The company is incorporated in the Cayman Islands and reports from the United States. Its stated acquisition focus is Asia, excluding China, Hong Kong, and Macau, with an emphasis on businesses developing breakthrough life sciences technology or sustainable technology platforms. Because it is a SPAC, geography matters mainly through where the target business is located and where the eventual operating company will generate revenue.

Risks

The company faces the standard SPAC risks of failing to identify, negotiate, or complete a business combination within the required timeframe. Its target preference for Asia outside China, Hong Kong, and Macau narrows the opportunity set and can increase execution risk, while any post-combination business would inherit the operating and regulatory risks of its industry. As a pre-revenue shell company, it is also exposed to trust-account, redemption, and sponsor-funding risks.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Failure to complete a business combination1Redemption and trust-account depletion2Early-stage and emerging growth company risk3Target concentration in Asia excluding China, Hong Kong, and Macau4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Failure to complete a business combinationImpact: HighLikelihood: High

    The company exists to acquire an operating business and has no standalone operating model.

    Exposure: All pre-combination value creation depends on closing a transaction.

  2. Redemption and trust-account depletionImpact: HighLikelihood: High

    Public shareholders may redeem shares, reducing funds available for a deal.

    Exposure: Trust proceeds and transaction financing capacity.

  3. Early-stage and emerging growth company riskImpact: HighLikelihood: High

    The company has limited operating history and relies on sponsor support and market access.

    ExposureLiquidityExecutionTransaction completion
  4. Target concentration in Asia excluding China, Hong Kong, and MacauImpact: MediumLikelihood: Low

    The stated geographic screen limits the pool of eligible targets.

    Exposure: Deal sourcing and timing.

Accounting

Judgemental items
Trust account interest income

Interest earned on invested IPO proceeds is a recurring non-operating item before a merger.

Impact: Affects reported income and cash available in trust

Redeemable share classification

Class A shares subject to redemption may be presented outside permanent equity.

Impact: Changes shareholders' deficit and balance sheet structure

Warrant valuation

Public and private warrants can require fair value accounting and remeasurement.

Impact: Can create earnings volatility

Related-party advances and notes

Sponsor funding supports operations before a transaction closes.

Impact: Affects liquidity disclosure and financing obligations

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Last updated: 24/09/2026