Valuence Merger Corp. I announced a private placement of 6,666,667 warrants at a price of $1.50 per warrant $10,000,000 on November 12, 2021. The transaction will include participation from Valuence Capital, LLC.

Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.50. The securities to be issued have a hold period of 30 days. The company has granted over-allotment option to the underwriters  as part of the transaction.

The company will issue additional 7,066,667 warrants for $10,600,000 if over-allotment option is exercised. The warrants are non-redeemable.