Valuence Merger Corp. I closes IPO of 20M units, raising $220M gross; trust funded with $226.7M

Valuence Merger Corp. I

IPO of 20,000,000 units at $10.00 each generated $200M initial gross proceeds.
Over-allotment partially exercised, adding 2,009,963 units for $20,099,630.
Private placement of 6,934,662 warrants to Sponsor for $10,401,993.
Total net proceeds of $226,702,619 deposited in trust account as of March 9, 2022.
Audited balance sheet shows $206M in trust, $208M total assets, $5.8M accumulated deficit.

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