Valuence Merger Corp. I shareholders approve extension to Aug 3, 2024; sponsor converts shares, lends $300K

Valuence Merger Corp. I

Shareholders approved extension of business combination deadline from June 3 to August 3, 2024, with option for up to 19 additional monthly extensions.
4,343,316 Class A shares redeemed; trust balance reduced to approximately $21.5 million.
Sponsor converted 5,502,488 Class B shares into Class A, leaving only 2 Class B shares outstanding.
Company issued $300,000 convertible promissory note to sponsor; $56,022 deposited into trust for initial extension.
Nasdaq approved transfer of warrant listing from Global Market to Capital Market, effective June 6.

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