Valuence Merger Corp. I Class A (VMCA) has provided an update.
Nelson Gentiletti has stepped down from his role on Valuence Merger Corp. I’s Board and as chair of the Audit Committee, with his resignation not stemming from any internal conflict. The company is now on the clock to align with Nasdaq’s audit committee requirements, aiming to resolve this within the granted cure period. While the company’s forward-looking statements express confidence in meeting compliance expectations, they also caution that such projections are not guarantees and are subject to various risks.
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