secwatch.observer — SEC 8-K summary
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Issuer:     Valuence Merger Corp. I (VMCAF)
CIK:        0001892747
Form:       8-K
Filed at:   2022-03-14T23:59:59+00:00
Accession:  0001493152-22-006690
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892747/000149315222006690/0001493152-22-006690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892747/000149315222006690/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006690

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