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Valuence Merger Corp I (OQ:VMCA)

Business Focus: Shell Companies

Sector:  Financials Industry:  Holding Companies
See Regulatory Filings on SEC
Company Contact
Address: 4 Orinda Way, Suite 100d
Tel: N/A
Website: N/A
Key People
Sungsik Lee
Sung Yoon Woo
Chief Executive Officer, Director
Sungwoo Hyung
Chief Financial Officer, Director
Ganene Young Cho
Chief Operating Officer
Business Overview
Valuence Merger Corp. I is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has not selected any specific business combination target and has not engaged in any substantive discussions, directly or indirectly, with any business combination target. The Company intend to focus its search for a target business in healthcare industry and/or the sustainability sector. The Company neither engages in any business operations nor generates any revenues.
Financial Overview
For the three months ended 31 March 2024, Valuence Merger Corp I revenues was not reported. Net income decreased 67% to $589K. Net income was partially offset by Interest Income - Non Bank decrease of 65% to $846K (income). Basic Earnings per Share excluding Extraordinary Items decreased from $0.06 to $0.05.