Valuence Merger Corp. I has reported its financial results for the second quarter of 2025, revealing a net income of $58,716 for the three months ending June 30, 2025, compared to a net income of $168,692 for the same period in 2024. The company’s revenue primarily stems from interest earned on cash and investments held in its Trust Account, which amounted to $185,332 in the latest quarter, down from $634,492 a year earlier. For the first half of 2025, the company recorded a net income of $83,692, a significant decrease from $757,373 in the prior year, reflecting a decline in interest income and higher operational costs.
The company’s total assets as of June 30, 2025, stood at $22,851,008, an increase from $22,316,148 at the end of 2024. This growth was primarily driven by an increase in cash held in the Trust Account, which rose to $22,713,372 from $22,206,637. However, Valuence's working capital deficit widened to $4,652,885, indicating challenges in meeting short-term obligations. The company’s accumulated deficit also increased to $12,758,915, up from $12,335,872 at the end of the previous fiscal year.
In terms of operational developments, Valuence has not yet commenced any business operations, as it remains focused on identifying a target for a business combination. The company has extended its Combination Period multiple times, with the latest extension allowing until March 3, 2026, to complete a merger. Shareholder meetings in May 2023 and June 2024 resulted in significant redemptions of Class A ordinary shares, totaling approximately $217.7 million, which has impacted the available funds in the Trust Account.
Looking ahead, Valuence's management has expressed uncertainty regarding its ability to consummate a business combination by the extended deadline. The company has indicated that it will rely on working capital loans and other financing options to support its operations and pursue potential acquisition targets. The ongoing geopolitical instability and market conditions may also pose risks to the company's future performance and ability to execute its strategic plans.
About Valuence Merger Corp. I
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