other
confidence high
sentiment neutral
materiality 0.55
Valuence Merger Corp I extends deadline to April 3, 2024; deposits $140k into trust
Valuence Merger Corp. I
- Deposited $140,000 into trust account for the seventh one-month extension, from March 3 to April 3, 2024.
- Up to 18 total monthly extensions available; 11 remain after this, extending potential deadline to March 3, 2025.
- Amended Investment Management Trust Agreement to allow trust funds to be held uninvested or in bank deposit accounts.
- Amendment provides flexibility for Trustee to hold funds uninvested or in interest-bearing bank accounts at U.S. banks with $100B+ assets.