{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-032317","form_type":"8-K","ticker":"VMCAF","cik":"0001892747","company_name":"Valuence Merger Corp. I","filed_at":"2026-07-07T20:05:43+00:00","discovered_at":"2026-07-07T20:07:00.272708+00:00","generated_at":"2026-07-07T20:07:08.026652+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Valuence Merger Corp. I restructures $1.87M in related-party debt, issues new convertible notes","bullets":["Terminated undrawn $1.5M February 2026 note with sponsor VMCA Sponsor, LLC.","Canceled $300K June 2024 note and settled $1.57M in related-party advances (CPC I $446.9K, CPC I Parallel $373.1K, NovoCG $750K).","Issued three new convertible notes: CPC I up to $1.5M (initial draw $528.65K), CPC I Parallel up to $1.5M ($441.35K), NovoCG up to $3M ($900K).","New notes bear no interest, repayable upon business combination or liquidation; may convert into warrants at $1.50 per warrant (max $1.5M aggregate).","Restructuring reflects sponsor support but no new cash infusion; notes repaid only from funds outside trust if no business combination."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-032317","json":"https://secwatch.observer/filing/0001493152-26-032317.json","markdown":"https://secwatch.observer/filing/0001493152-26-032317.md","text":"https://secwatch.observer/filing/0001493152-26-032317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1892747/000149315226032317/0001493152-26-032317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1892747/000149315226032317/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-07T20:07:08.026652+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}