Valuence Merger Corp I-A 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41304 VALUENCE MERGER CORP. I (Exact name of registrant as specified in its charter) 4 Orinda Way, Suite 100D Orinda, CA 94563(Address of Principal Executive Offices, including zip code) Registrant’s telephone number, including area code: (415) 340-0222 N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Accelerated filer☒Smaller reporting company☒Emerging growth company ☐Large accelerated filer☒Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☒No☐ As of August 14, 2026, there were 5,965,726 Class A ordinary shares, $0.0001 par value per share, and 2 Class B ordinary shares,$0.0001 par value per share, issued and outstanding. VALUENCE MERGER CORP. IQUARTERLY REPORT ON FORM 10-QTABLE OF CONTENTS PagePART I - FINANCIAL INFORMATION1Item 1. Financial Statements1Condensed Balance Sheets as of June 30, 2026 (unaudited) and December 31, 20251Unaudited Condensed Statements of Operations for the Three and Six Months Ended June 30, 2026 and 20252Unaudited Condensed Statements of Changes in Shareholders’ Deficit for the Three and Six Months Ended June 30, 2026 and20253Unaudited Condensed Statements of Cash Flows for the Six Months Ended June 30, 2026 and 20254Notes to Unaudited Condensed Financial Statements5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3. Quantitative and Qualitative Disclosures About Market Risk22Item 4. Controls and Procedures22PART II - OTHER INFORMATION23Item 1. Legal Proceedings23Item 1A. Risk Factors23Item 2. Unregistered Sales of Equity Securities and Use of Proceeds23Item 3. Defaults Upon Senior Securities23Item 4. Mine Safety Disclosures23Item 5. Other Information23Item 6. Exhibits23SIGNATURES24i VALUENCE MERGER CORP. ICONDENSED BALANCE SHEETS LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLEREDEMPTION, AND SHAREHOLDERS’ DEFICITCurrent liabilities VALUENCE MERGER CORP. ICONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) VALUENCE MERGER CORP. ICONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 VALUENCE MERGER CORP. ICONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED) VALUENCE MERGER CORP. INOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTSJUNE 30, 2026 NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Valuence Merger Corp. I (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on August27, 2021. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,reorganization or similar business combination with one or more businesses or entities (a “Business Combination”). The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. However, theCompany intends to concentrate its efforts in identifying a potential Business Combination partner that is based in Asia (excludingChina, Hong Kong and Macau) and who is developing breakthrough technology in life sciences and/or advancing a platform forsustainable technology. The Company is an early stage and emerging growth company and, as such, the Company is subject to all ofthe risks associated with early stage and emerging growth companies.