---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-146845"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2021-12-06T23:59:59+00:00"
generated_at: "2026-06-28T03:39:13.465746+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SPAC Capitalworks raises $230M in IPO; $234.6M placed in trust

## Summary
- IPO of 23M units at $10.00 each, gross proceeds $230M, includes full over-allotment.
- Private placement of 11.7M warrants to sponsor at $1.00 each, gross proceeds $11.7M.
- Net proceeds of $234.6M deposited into trust account for initial business combination.
- Board appointed: Whitney Baker, Michael Faber, Neil Harper, Darius James Roth as directors.
- Amended articles: authorized 550M ordinary shares (500M Class A, 50M Class B) and 5M preference shares.

## SEC filing metadata
- accession: 0001104659-21-146845
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2021-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465921146845/0001104659-21-146845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465921146845/tm2134652d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-146845
- JSON: https://secwatch.observer/filing/0001104659-21-146845.json
- Plain text: https://secwatch.observer/filing/0001104659-21-146845.txt

## Key facts
- Executive change
  Whitney Baker was appointed as Director at Piermont Valley Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of November 30, 2021, the following individuals were appointed to the board of directors of the Company: Whitney Baker, Michael Faber, Neil Harper and Darius James Roth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465921146845/0001104659-21-146845-index.htm
- Executive change
  Neil Harper was appointed as Director at Piermont Valley Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of November 30, 2021, the following individuals were appointed to the board of directors of the Company: Whitney Baker, Michael Faber, Neil Harper and Darius James Roth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465921146845/0001104659-21-146845-index.htm
- Executive change
  Darius James Roth was appointed as Director at Piermont Valley Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of November 30, 2021, the following individuals were appointed to the board of directors of the Company: Whitney Baker, Michael Faber, Neil Harper and Darius James Roth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465921146845/0001104659-21-146845-index.htm
- Executive change
  Michael Faber was appointed as Director at Piermont Valley Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of November 30, 2021, the following individuals were appointed to the board of directors of the Company: Whitney Baker, Michael Faber, Neil Harper and Darius James Roth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465921146845/0001104659-21-146845-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.