$VMCA
Valuence Merger Corp I Stock $vmca

$vmca Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000149315223028600 Filed on August 14, 2023

Income Statement

Concept	2023 Q2	2022 Q2
Revenue	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$380.0K	$409.6K
YoY Change	-7.22%
Operating Profit	-$377.8K	-$409.6K
YoY Change	-7.76%
Interest Expense	$1.960M	$276.3K
YoY Change	609.43%
% of Operating Profit
Other Income/Expense, Net	$1.963M	$276.3K
YoY Change	610.45%
Pretax Income	$1.590M	-$133.3K
YoY Change	-1292.98%
Income Tax
% Of Pretax Income
Net Earnings	$1.585M	-$133.3K
YoY Change	-1289.23%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$0.07	-$4.844K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$100.0K	$544.8K
YoY Change	-81.64%
Cash & Equivalents	$118.4K	$544.8K
Short-Term Investments
Other Short-Term Assets	$300.0K	$769.1K
YoY Change	-61.0%
Inventory
Prepaid Expenses	$341.1K	$769.1K
Receivables
Other Receivables
Total Short-Term Assets	$459.5K	$1.314M
YoY Change	-65.03%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$66.90M	$227.0M
YoY Change	-70.53%
Other Assets
YoY Change
Total Long-Term Assets	$66.93M	$227.0M
YoY Change	-70.51%
TOTAL ASSETS
Total Short-Term Assets	$459.5K	$1.314M
Total Long-Term Assets	$66.93M	$227.0M
Total Assets	$67.39M	$228.3M
YoY Change	-70.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.500M	$350.5K
YoY Change	613.23%
Accrued Expenses	$0.00	$70.00K
YoY Change	-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$600.0K	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.328M	$618.9K
YoY Change	437.75%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$8.100M	$8.105M
YoY Change	-0.07%
Total Long-Term Liabilities	$8.100M	$8.105M
YoY Change	-0.07%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.328M	$618.9K
Total Long-Term Liabilities	$8.100M	$8.105M
Total Liabilities	$11.43M	$8.724M
YoY Change	31.05%
SHAREHOLDERS EQUITY
Retained Earnings	-$10.97M	-$7.411M
YoY Change	48.09%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$10.97M	-$7.410M
YoY Change
Total Liabilities & Shareholders Equity	$67.39M	$228.3M
YoY Change	-70.48%

Cashflow Statement

Concept	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$1.585M	-$133.3K
YoY Change	-1289.23%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$200.0K	$42.49K
YoY Change	-570.7%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$167.4M	$0.00
YoY Change
Cash From Investing Activities	$167.4M	$0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-167.3M	-463.3K
YoY Change	36001.1%
NET CHANGE
Cash From Operating Activities	-200.0K	42.49K
Cash From Investing Activities	167.4M	0.000
Cash From Financing Activities	-167.3M	-463.3K
Net Change In Cash	-50.00K	-420.8K
YoY Change	-88.12%
FREE CASH FLOW
Cash From Operating Activities	-$200.0K	$42.49K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0001892747
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited		usd
	VMCAU	Proceeds From Cash Withdrawn From Trust Account In Connection With Redemption ProceedsFromCashWithdrawnFromTrustAccountInConnectionWithRedemption		usd
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering		usd
	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement		usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt		usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt		usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt		usd
	VMCAU	Proceeds From Convertible Promissory Note Related Party ProceedsFromConvertiblePromissoryNoteRelatedParty		usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock		usd
	VMCAU	Offering Costs Included In Accrued Offering Costs OfferingCostsIncludedInAccruedOfferingCosts		usd
	VMCAU	Deferred Underwriting Fee Payable DeferredUnderwritingFeePayable		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Entity File Number EntityFileNumber	001-41304
	dei	Entity Registrant Name EntityRegistrantName	VALUENCE MERGER CORP. I
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	E9
	dei	Entity Address Address Line1 EntityAddressAddressLine1	4 Orinda Way
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 100D
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Address City Or Town EntityAddressCityOrTown	Orinda
	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	94563
	dei	City Area Code CityAreaCode	(415)
	dei	Local Phone Number LocalPhoneNumber	340-0222
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	true
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	118424	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	319201	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	341090	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	522444	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	459514	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	841645	usd
CY2023Q2	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	66932389	usd
CY2022Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	229949989	usd
CY2023Q2	us-gaap	Assets Assets	67391903	usd
CY2022Q4	us-gaap	Assets Assets	230791634	usd
CY2023Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2492089	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1989469	usd
CY2022Q4	VMCAU	Accrued Offering Costs Current AccruedOfferingCostsCurrent	70000	usd
CY2023Q2	VMCAU	Working Capital Loans WorkingCapitalLoans	172714	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3328187	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2257853	usd
CY2023Q2	VMCAU	Deferred Underwriting Commissions Noncurrent DeferredUnderwritingCommissionsNoncurrent	8105480	usd
CY2022Q4	VMCAU	Deferred Underwriting Commissions Noncurrent DeferredUnderwritingCommissionsNoncurrent	8105480	usd
CY2023Q2	us-gaap	Liabilities Liabilities	11433667	usd
CY2022Q4	us-gaap	Liabilities Liabilities	10363333	usd
CY2023Q2	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	66932389	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	229949989	usd
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10974703	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-9522238	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-10974153	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-9521688	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	67391903	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	230791634	usd
CY2023Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	377790	usd
CY2022Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	409563	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	1032465	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	505558	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-377790	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-409563	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1032465	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-505558	usd
CY2023Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	1962830	usd
CY2022Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	276280	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	4393606	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	290004	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1962830	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	276280	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4393606	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	290004	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	1585040	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-133283	usd
	us-gaap	Net Income Loss NetIncomeLoss	3361141	usd
	us-gaap	Net Income Loss NetIncomeLoss	-215554	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-9521688	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-9521688	usd
CY2023Q1	VMCAU	Adjustments To Additional Paid In Capital Accretion Of Common Stock Subject To Redemption AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemption	-2430776	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1776101	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-10176363	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-10176363	usd
CY2023Q2	VMCAU	Adjustments To Additional Paid In Capital Accretion Of Common Stock Subject To Redemption AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemption	-2382830	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	1585040	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-10974153	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-10974153	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	15070	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	15070	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	10401993	usd
CY2022Q1	VMCAU	Adjustments To Additional Paid In Capital Fair Value Of Public Warrants Net Of Transaction Costs AdjustmentsToAdditionalPaidInCapitalFairValueOfPublicWarrantsNetOfTransactionCosts	5617513	usd
CY2022Q1	VMCAU	Adjustments To Additional Paid In Capital Accretion Of Common Stock Subject To Redemption AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemption	-22939495	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-82271	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-6987190	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-6987190	usd
CY2022Q2	VMCAU	Adjustments To Additional Paid In Capital Accretion Of Common Stock Subject To Redemption AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemption	-290004	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-133283	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-7410477	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-7410477	usd
	us-gaap	Net Income Loss NetIncomeLoss	3361141	usd
	us-gaap	Net Income Loss NetIncomeLoss	-215554	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	4393606	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	290004	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-181354	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	769137	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	502620	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	350521	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-348491	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-924174	usd
	us-gaap	Payments To Acquire Restricted Investments PaymentsToAcquireRestrictedInvestments	420000	usd
	us-gaap	Payments To Acquire Restricted Investments PaymentsToAcquireRestrictedInvestments	226702619	usd
	VMCAU	Proceeds From Cash Withdrawn From Trust Account In Connection With Redemption ProceedsFromCashWithdrawnFromTrustAccountInConnectionWithRedemption	167831206	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	167411206	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-226702619	usd
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	218300626	usd
	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	10401993	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	198007	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	300000	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	465000	usd
	VMCAU	Proceeds From Convertible Promissory Note Related Party ProceedsFromConvertiblePromissoryNoteRelatedParty	172714	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	70000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	607760	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	167831206	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-167263492	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	227992866	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-200777	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	366073	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	319201	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	178698	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	118424	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	544771	usd
	VMCAU	Offering Costs Included In Accrued Offering Costs OfferingCostsIncludedInAccruedOfferingCosts	-250015	usd
	VMCAU	Deferred Underwriting Fee Payable DeferredUnderwritingFeePayable	8105480	usd
CY2022Q1	us-gaap	Deposits Deposits	20702619	usd
CY2022Q1	VMCAU	Deposits Per Unit DepositsPerUnit	10.30
CY2022Q1	VMCAU	Proceeds From Deposit In Trust Account ProceedsFromDepositInTrustAccount	226702619	usd
	VMCAU	Transaction Costs TransactionCosts	10718994	usd
	us-gaap	Other Underwriting Expense OtherUnderwritingExpense	4000000	usd
	us-gaap	Payments For Underwriting Expense PaymentsForUnderwritingExpense	2200996	usd
	VMCAU	Deferred Underwriting Fees DeferredUnderwritingFees	8105480	usd
CY2023Q2	us-gaap	Other Deferred Costs Net OtherDeferredCostsNet	814510	usd
CY2023Q2	VMCAU	Percentage Of Fair Market Value PercentageOfFairMarketValue	0.80	pure
CY2022Q2	VMCAU	Net Tangible Asset Threshold For Redeeming Public Shares NetTangibleAssetThresholdForRedeemingPublicShares	5000001	usd
CY2023Q2	VMCAU	Public Shares Redeem Percentage PublicSharesRedeemPercentage	1	pure
	VMCAU	Payment To Dissolution Expenses PaymentToDissolutionExpenses	100000	usd
CY2023Q2	VMCAU	Net Tangible Asset Threshold For Redeeming Public Shares NetTangibleAssetThresholdForRedeemingPublicShares	5000001	usd
CY2023Q2	VMCAU	Net Tangible Asset Threshold For Redeeming Public Shares NetTangibleAssetThresholdForRedeemingPublicShares	5000001	usd
CY2023Q2	us-gaap	Share Price SharePrice	10.00
CY2023Q2	us-gaap	Cash Cash	118424	usd
CY2023Q2	VMCAU	Working Capital Deficit WorkingCapitalDeficit	2868673	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84F_eus-gaap--UseOfEstimates_zkD6dxXTIHea" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_zUyugZ0fLpvc">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the unaudited condensed financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2	us-gaap	Cash Cash	118424	usd
CY2022Q4	us-gaap	Cash Cash	319201	usd
CY2023Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	0	usd
CY2022Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	0	usd
	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	4813606	usd
CY2023Q2	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	66932389	usd
	us-gaap	Proceeds From Other Equity ProceedsFromOtherEquity	220099630	usd
	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	5942690	usd
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	-10393817	usd
	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	26186866	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	229949989	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	167831206	usd
CY2023Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2023Q2	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0	usd
CY2022Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	0	usd
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_z1P1DAkDmG97" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_zdCMpEzW5xyb">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $<span id="xdx_907_eus-gaap--CashFDICInsuredAmount_iI_c20230630_zerLcUdUMdE5" title="Cash FDIC insured amount">250,000</span>. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2021Q4	us-gaap	Sponsor Fees SponsorFees	25000	usd
	us-gaap	Related Party Transaction Description Of Transaction RelatedPartyTransactionDescriptionOfTransaction	(A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the closing price of the Class A Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Public Shareholders having the right to exchange their Class A Shares for cash, securities or other property
	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	1500000	usd
CY2022Q1	us-gaap	Business Combination Integration Related Costs BusinessCombinationIntegrationRelatedCosts	198384	usd
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	0.01
CY2023Q2	VMCAU	Equity Proceeds Percentage EquityProceedsPercentage	0.60	pure
	us-gaap	Sale Of Stock Description Of Transaction SaleOfStockDescriptionOfTransaction	the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price

Files In Submission

Name	View Source	Status
0001493152-23-028600-index-headers.html	Edgar Link	pending
0001493152-23-028600-index.html	Edgar Link	pending
0001493152-23-028600.txt	Edgar Link	pending
0001493152-23-028600-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
ex4-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
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R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vmcau-20230630.xsd	Edgar Link	pending
vmcau-20230630_def.xml	Edgar Link	unprocessable
vmcau-20230630_cal.xml	Edgar Link	unprocessable
vmcau-20230630_lab.xml	Edgar Link	unprocessable
vmcau-20230630_pre.xml	Edgar Link	unprocessable

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$VMCA
Valuence Merger Corp I Stock $vmca

2023 Q2 Form 10-Q Financial Statement

#000149315223028600 Filed on August 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VMCA Valuence Merger Corp I Stock $vmca

2023 Q2 Form 10-Q Financial Statement

#000149315223028600 Filed on August 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VMCA
Valuence Merger Corp I Stock $vmca