Valuence Merger I Raises $1.5 Million Via Sponsor Convertible Note, Option to Convert at $1.50

About this update from Valuence Merger Corp. I

Valuence Merger I entered into a $1.5 million zero-interest convertible promissory note with VMCA Sponsor to support operations while it pursues a business combination. The note matures upon the earlier of completing a business combination or liquidation and may be repaid from funds outside the trust if no deal closes. At maturity, the sponsor may convert the outstanding principal into warrants at $1.50 per warrant, up to an aggregate $1.5 million across sponsor notes, with terms matching the SPAC’s private placement warrants.Agreement details:Agreement type: Unsecured zero-interest convertible promissory noteCounterparty: VMCA SponsorSigned / Effective: Feb 27 2026 / Feb 27 2026Duration / Termination: Until business combination or liquidationReason: Support extension contributions and working capital pending business combinationOriginal SEC Filing: This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

View stock analysis, news, and events for Valuence Merger Corp. I