---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-079863"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2022-07-14T23:59:59+00:00"
generated_at: "2026-06-24T15:25:56.156171+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-079863
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2022-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465922079863/0001104659-22-079863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465922079863/tm2221027d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-079863
- JSON: https://secwatch.observer/filing/0001104659-22-079863.json
- Plain text: https://secwatch.observer/filing/0001104659-22-079863.txt

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