VALUENCE MERGER CORP I

Ticker: VMCUF CUSIP: G9R16L126 Class: UNIT 02/18/2027

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

Note: Option positions (PUT/CALL) are excluded.

Q1 2022

Shares 450,000 Value ($000) $4,513 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2022	450,000	$4,513	—	—