v3.25.2

Condensed Balance Sheets - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash	$ 92,661	$ 61,037
Prepaid expenses	44,975	48,474
Total current assets	137,636	109,511
Cash held in trust account	22,713,372	22,206,637
TOTAL ASSETS	22,851,008	22,316,148
Current liabilities
Accrued expenses and accounts payable	777,913	766,821
Working capital loans	913,207	913,207
Total current liabilities	4,790,521	4,339,353
Deferred underwriting fees	8,105,480	8,105,480
TOTAL LIABILITIES	12,896,001	12,444,833
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,867,402 shares at redemption value of $12.16 and $11.89 per share at June 30, 2025 and December 31, 2024, respectively	22,713,372	22,206,637
SHAREHOLDERS’ DEFICIT
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024
Additional paid-in capital
Accumulated deficit	(12,758,915)	(12,335,872)
TOTAL SHAREHOLDERS’ DEFICIT	(12,758,365)	(12,335,322)
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT	22,851,008	22,316,148
Common Class A [Member]
SHAREHOLDERS’ DEFICIT
Common Stock value	550	550
Common Class B [Member]
SHAREHOLDERS’ DEFICIT
Common Stock value
Related Party [Member]
Current liabilities
Advance from related party	1,448,460	1,008,384
Convertible note - related party	$ 1,650,941	$ 1,650,941

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Valuence Merger Corp. I 10-Q