Capitalworks postpones SPAC extension vote to March 1; deadline extended to Dec 3

Piermont Valley Acquisition Corp

Extraordinary general meeting postponed from Feb 24 to March 1, 2023 at 4:00 p.m. ET.
Shareholders to vote on extending business combination deadline from March 3 to December 3, 2023.
Redemption deadline for public shares extended to 5:00 p.m. ET on February 27, 2023.
Company has non-binding LOI with an Asian reinsurance company for a potential business combination.
Board may elect to wind up operations before December 3, 2023 if no deal is completed.

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