secwatch.observer — SEC 8-K summary
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Issuer:     Valuence Merger Corp. I (VMCAF)
CIK:        0001892747
Form:       8-K
Filed at:   2026-07-07T20:05:43+00:00
Accession:  0001493152-26-032317
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valuence Merger Corp. I restructures $1.87M in related-party debt, issues new convertible notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892747/000149315226032317/0001493152-26-032317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892747/000149315226032317/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-032317

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer