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Valuence Merger Corp. I, a special purpose acquisition company with a market capitalization of $86.67 million, is facing delisting from the Nasdaq Stock Market after failing to complete an initial business combination within the stipulated timeframe. The company, which trades under the ticker symbols VMCA, VMCAU, and VMCAW for its Class A ordinary shares, units, and warrants respectively, was notified by Nasdaq on Monday that its securities will be suspended from trading starting next Monday. According to InvestingPro data, the stock has shown remarkably low volatility with a beta of 0.01, though it currently trades near its 52-week low of $11.13.
The delisting notice, which the company received on March 4, 2025, cites non-compliance with Nasdaq’s requirement to conclude a business combination within 36 months of its initial public offering (IPO). As a result, Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission to formally remove Valuence Merger Corp. I’s securities from its platform. InvestingPro analysis reveals concerning liquidity metrics, with a current ratio of just 0.02 and short-term obligations exceeding liquid assets.
Following the suspension, the company anticipates that its securities will be available for trading on the Pink Open Market of the OTC Market systems under the same ticker symbols. However, it is uncertain whether market makers will continue to support trading of the company’s securities on this alternative platform.
Despite the setback, Valuence Merger Corp. I intends to persist in its search for a suitable business combination and aims to relist its Class A ordinary shares and warrants on Nasdaq or another national securities exchange upon successful completion of such a transaction. The company has not guaranteed the success of this endeavor or the future listing of its securities.
This development is based on a press release statement and reflects the current status of Valuence Merger Corp. I as it navigates the challenges of meeting Nasdaq’s listing requirements.
In other recent news, Valuence Merger Corp. I has announced an extension to its deadline for finalizing an initial business combination. The board of directors has decided to extend the date from March 3, 2025, to April 3, 2025, marking the eighth of up to 19 potential monthly extensions allowed. In line with this extension, the company has deposited an additional $28,011 into its trust account. This move aligns with the company’s Amended and Restated Memorandum and Articles of Association, which permits monthly deadline extensions until March 3, 2026, if necessary. The extension provides Valuence Merger Corp. I with more time to secure a suitable business combination, a critical step for special purpose acquisition companies (SPACs). The company’s units, Class A ordinary shares, and redeemable warrants are traded on the Nasdaq Stock Market. This announcement reflects the company’s ongoing efforts to comply with procedural requirements and maximize opportunities for investors and potential business combination targets. The information is based on press release statements filed with the Securities and Exchange Commission.
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