Capitalworks restates Dec 2021 balance sheet and Q4 2021 financials; material weakness

Piermont Valley Acquisition Corp

Non-reliance on Dec 3, 2021 audited balance sheet and Q4 2021 unaudited interim financials.
Forward purchase agreement liability error requires restatement; no impact on cash or trust account.
Material weakness in internal control over financial reporting identified; remediation in FY2022 10-K.
Discussed with independent auditor Marcum LLP.

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