Valuence Merger Corp. I

Valuence Merger Corp. I's board of directors approved an extension of the date by which the company must complete an initial business combination. The deadline has been extended by one month, from August 3, 2026, to September 3, 2026. This marks the fourth of 10 potential one-month extensions available to the company, and an additional $13,897.14 was deposited into the trust account in connection with this extension.

Valuence Merger Corp. I restructured $1.87 million in related-party indebtedness and advances. This involved terminating an undrawn $1.5 million convertible promissory note and a fully drawn $300,000 note. The company also settled $1.57 million in advances from related parties and issued three new convertible promissory notes totaling $1.87 million in initial deemed drawdowns to CPC I, CPC I Parallel, and NovoCG.

Valuence Merger Corp. I announced that Zhe Zhang resigned from its Board of Directors and audit committee, effective May 18, 2026. The company stated that Mr. Zhang's departure was not due to any dispute or disagreement regarding the company's operations, policies, or practices.

Valuence Merger Corp. I (VMCAF) extended its Business Combination Period to June 3, 2026, following shareholder approval and further board action, with potential for additional extensions to March 3, 2027. This comes after significant redemptions, including 1.4 million Class A shares for $17.6 million in February 2026, and a prior delisting from Nasdaq in March 2025. The company reported a net income of $8,303 for Q1 2026, but faces a working capital deficit of $5.18 million and has raised substantial doubt about its ability to continue as a going concern if a business combination is not completed by the extended deadline.

Valuence Merger Corp. I's Board of Directors approved a one-month extension for its initial business combination deadline, moving it from May 3, 2026, to June 3, 2026. This is the first of 10 potential one-month extensions available to the company, which can extend the deadline up to March 3, 2027. In connection with this extension, the company deposited an additional $13,897.14 into its trust account.