Valuence Merger Corp. IVMCAF
Cash in trust
$5.9M
$5,914,944
Trust per share
—
Redemption value
IPO
Mar 2022
$218M raised
Combination deadline
Jun 3, 2023
Deadline passed
Filings on record
147
Latest Oct 6, 2026
Overview
Valuence Merger Corp. I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001892747. It completed its initial public offering in Mar 2022, raising $218M in gross proceeds and listing on OTC. Class A shares trade under the ticker VMCAF on OTC. The vehicle is sponsored by Valuence through Valuence Capital, LLC. The mandate targets technology, healthcare, energy transition. IPO closed, trust funded, no definitive agreement announced.
“we intend to concentrate our efforts in identifying a potential business combination partner that is based in Asia (excluding China, Hong Kong and Macau) and who is developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology.”
Reading the filings
Arithmetic on what Valuence Merger Corp. I has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Time on the clock
The stated combination deadline of Jun 3, 2023 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Extension history
Shareholders have already approved 3 extensions. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Warrant coverage
Each unit carried one-half of one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
SVB led the offering. It has been named on 1 SPAC IPOs. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date Valuence Merger Corp. I must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
147 filings in all. 4 in the last three months, against a busiest month of 18.
Scores
Recomputed 2d agoThree readings of Valuence Merger Corp. I, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
LowHow much attention is this vehicle attracting right now?
8/100
- Filing activity17
1 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
LowHow likely is this vehicle to complete a combination, and at what scale?
17/100
- Bank franchise0
1 SPAC mandates
- Trust scale9
$6M
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Valuence Merger Corp. I
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Other events
Item 8.01 · Accession 0001493152-26-045744
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-041531
- 10-Q
Quarterly report
Accession 0001493152-26-038516
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-035990
- 8-K
Entry into a material definitive agreement; Termination of a material definitive agreement
Items 1.01, 1.02, 2.03, 9.01 · Accession 0001493152-26-032317
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-032161
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-027263
- 8-K
Current report
Item 5.02 · Accession 0001493152-26-024412
- 10-Q
Quarterly report
Accession 0001493152-26-023766
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-021096
- 10-K
Annual report
Accession 0001493152-26-014211
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders
Items 1.01, 2.03, 5.03, 5.07, 9.01 · Accession 0001493152-26-008706
- DEF 14A
Definitive proxy statement
Accession 0001493152-26-005891
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-004997
- PRE 14A
PRE 14A
Accession 0001493152-26-004485
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-000227
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-026211
- 10-Q
Quarterly report
Accession 0001493152-25-023515
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-020736
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-017238
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-026312
- 10-Q
Quarterly report
Accession 0001641172-25-023470
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-022070
- 25-NSE
Notification of delisting
Accession 0001354457-25-000647
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-017983
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-013354
- 10-Q
Quarterly report
Accession 0001641172-25-010983
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-002151
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-009027
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-003399
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Valuence Merger Corp. I: questions answered
What is Valuence Merger Corp. I (VMCAF)?
Valuence Merger Corp. I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001892747. It completed its initial public offering in Mar 2022, raising $218M in gross proceeds and listing on OTC. Class A shares trade under the ticker VMCAF on OTC. The vehicle is sponsored by Valuence through Valuence Capital, LLC. The mandate targets technology, healthcare, energy transition. IPO closed, trust funded, no definitive agreement announced.
How much does Valuence Merger Corp. I hold in trust?
Approximately $5,914,944, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Valuence Merger Corp. I complete a merger?
By Jun 3, 2023, after 3 shareholder-approved extensions. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Valuence Merger Corp. I does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Valuence Merger Corp. I, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Valuence Merger Corp. I trade under?
Class A shares trade as VMCAF on OTC. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Valuence Merger Corp. I?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Valuence Merger Corp. I's founder shares and warrants create?
Each unit also carried one-half of one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Valuence Merger Corp. I, and what is their track record?
Valuence Capital, LLC is the sponsor entity, part of the Valuence franchise. This is the only vehicle we have attributed to that sponsor.
Which banks underwrote the Valuence Merger Corp. I IPO?
SVB, Robert W. Baird &. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Valuence Merger Corp. I tradeable, and where?
Our market-data provider returns no quote for VMCAF. That is normal for a vehicle that has not begun trading, has been delisted after a wind-up, or is too thinly traded to carry a two-sided market. The absence of a quote is shown as "not quoted" rather than as a zero.
Is Valuence Merger Corp. I a good investment?
That is not a question this site answers. Valuence Merger Corp. I is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Valuence Merger Corp. I data come from?
Filings Valuence Merger Corp. I submitted to the SEC under CIK 0001892747: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Valuence: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
SVB in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.