Key facts
- This page summarizes VMCA Sponsor, LLC's Form 4 filing for Valuence Merger Corp. I (VMCAF).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 05 Jun 2024, 16:30.
VMCA Sponsor, LLC - 03 Jun 2024 Form 4 Insider Report for Valuence Merger Corp. I (VMCAF)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- VMCAF
- Reported as of
- 03 Jun 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Jun 2024, 16:30:42 UTC
- Prior SEC filing
- 23 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Andrew Hyung
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
VMCA Sponsor, LLC filed Form 4 for Valuence Merger Corp. I (VMCAF) on 05 Jun 2024.
Change
- Previous filing in this sequence was filed on 23 Feb 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VMCA
transaction
Class A Ordinary Shares
Conversion of derivative security
- Transaction value
- Shares
- +4,302,489
- Change %
- Price
- Shares after
- 4,302,489
- Date
- 03 Jun 2024
- Ownership
- Direct
- Footnotes
- F2, F3, F4, F5
VMCA
transaction
Class A Ordinary Shares
Conversion of derivative security
- Transaction value
- Shares
- +1,200,000
- Change %
- Price
- Shares after
- 1,199,999
- Date
- 03 Jun 2024
- Ownership
- By Valuence Partners LP
- Footnotes
- F2, F4, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VMCA
transaction
Derivative
Class B Ordinary Shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- -4,302,489
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 1
- Date
- 03 Jun 2024
- Ownership
- Direct
- Underlying class
- Class A Ordinary Shares
- Underlying amount
- 4,302,489
- Exercise price
- Footnotes
- F1, F2, F3, F4, F5
VMCA
transaction
Derivative
Class B Ordinary Shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,199,999
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 1
- Date
- 03 Jun 2024
- Ownership
- By Valuence Partners LP
- Underlying class
- Class A Ordinary Shares
- Underlying amount
- 1,199,999
- Exercise price
- Footnotes
- F1, F2, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The Class B ordinary shares have no expiration date and are convertible into Class A ordinary shares at any time and from time to time upon the election of the holder on or automatically upon the consummation of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-262246).
Footnote F2
In accordance with the Issuer's amended and restated memorandum and articles of association, as amended, on June 3, 2024, the Reporting Person elected to convert an aggregate of 5,502,488 Class B ordinary shares into Class A ordinary shares on a one-for-one basis for no consideration.
Footnote F3
Due to administrative error, the Reporting Person's Form 4 filed on February 23, 2023 reported 4,302,290 Class B ordinary shares directly owned by the Reporting Person instead of the correct amount of 4,302,490 Class B ordinary shares.
Footnote F4
VMCA Sponsor, LLC (the "Sponsor") is the record holder of the securities reported herein, except with respect to 1,200,000 shares, which are held of record by Valuence Partners LP. The Sponsor is the sole general partner of Valuence Partners LP and has voting and investment discretion with respect to the securities held of record by Valuence Partners LP.
Footnote F5
The Sponsor is governed by a board of managers consisting of four managers: Credian Partners, Inc., Sungsik ("Sung") Lee, Sungwoo ("Andrew") Hyung and Gene Young Cho. Any action by the Sponsor with respect to the Issuer's securities held by it, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of Issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Sponsor's board of managers is deemed to have or share beneficial ownership of the shares held by the Sponsor.