CUSIP: G9R16L100
Page 4 of 7
| Item | 1(a). Name of Issuer: Valuence Merger Corp. I (the “Issuer”) |
Item 1(b). Address of Issuer’s Principal Executive Officers: 4 Orinda Way, Suite 100D, Orinda, CA 94563
| Item | 2(a). Name of Person Filing: |
Spring Creek Capital, LLC (“Spring Creek”)
SCC Holdings, LLC (“SCC”)
KIM, LLC (“KIM”)
Koch Investments Group, LLC (“KIG”)
Koch Investments Group Holdings, LLC (“KIGH”)
Koch Industries, Inc. (“Koch Industries”)
(Each a “Reporting Person,” and collectively, the “Reporting Persons”).
| Item | 2(b). Address or Principal Business Office or, if None, Residence: |
The principal business office for all Reporting Persons is:
4111 E. 37th Street North
Wichita, KS 67220
| Item | 2(c). Citizenship: See Item 4 of each cover page. |
Item 2(d). Title of Class of Securities: Class A Ordinary Shares, par value $0.0001 per share (“Public Shares”).
Item 2(e). CUSIP No.: G9R16L100.
Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned: See Item 9 of each cover page.
(b) Percent of class: See Item 11 of each cover page. Calculated using 6,210,718 Public Shares outstanding as of November 14, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 14, 2023.
(c) Number of shares as to which the person has:
| | (i) | Sole power to vote or to direct the vote: See Item 5 of each cover page. |
| | (ii) | Shared power to vote or to direct the vote: See Item 6 of each cover page. |
| | (iii) | Sole power to dispose or to direct the disposition of: See Item 7 of each cover page. |
| | (iv) | Shared power to dispose or to direct the disposition of: See Item 8 of each cover page. |
The Reporting Persons’ ownership of the Public Shares exceeded 5% as of December 31, 2023. Subsequent to December 31, 2023 and prior to this filing, the Reporting Persons sold certain of their Public Shares and, as a result, the Reporting Persons reduced their ownership of the Public Shares to less than 5% of the Issuer’s Public Shares.
Spring Creek is beneficially owned by SCC, SCC is beneficially owned by KIM, KIM is beneficially owned by KIG, KIG is beneficially owned by KIGH, and KIGH is beneficially owned by Koch Industries, in each case by means of ownership of all voting equity instruments.
Koch Industries, SCC, KIM, KIG, and KIGH may be deemed to beneficially own the Public Shares held by Spring Creek by virtue of (i) Koch Industries’ beneficial ownership of KIGH, (ii) KIGH’s beneficial ownership of KIG, (iii) KIG’s beneficial ownership of KIM, (iv) KIM’s beneficial ownership of SCC and (v) SCC’s beneficial ownership of Spring Creek. The filing of this Schedule 13G shall not be construed as an admission that any of SCC, KIM, KIG, KIGH, or Koch Industries is, for purposes of Sections 13(d) or 13(g) of the Exchange Act, the beneficial owner of any Public Shares covered by this Schedule 13G.
