---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-026818"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:48:22.858318+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Capitalworks Emerging Markets enters non-redemption agreements to extend business combination deadline to Dec 2023

## Summary
- Sponsor transfers 16,000 Founder Shares upfront and up to 480,000 additional Founder Shares to third parties for agreeing not to redeem up to 1,600,000 Class A shares.
- Extraordinary general meeting to vote on extending business combination deadline from March 3, 2023 to December 3, 2023.
- Trust account value per share estimated at $10.41201003 as of Feb 27, 2023; agreements expected to increase funds remaining in trust after meeting.
- Shareholders may withdraw redemptions until March 3, 2023.

## SEC filing metadata
- accession: 0001104659-23-026818
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465923026818/0001104659-23-026818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923026818/tm238002d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-026818
- JSON: https://secwatch.observer/filing/0001104659-23-026818.json
- Plain text: https://secwatch.observer/filing/0001104659-23-026818.txt

## Key facts
- Material Agreements
  Piermont Valley Acquisition Corp entered into Non-Redemption Agreements with certain unaffiliated third parties valued at Non-redemption agreements with third parties to not redeem up to 1,600,000 Class A ordinary shares i (effective 2023-02-27).
  - Action: entry
  - Counterparty: certain unaffiliated third parties
  - Value: Non-redemption agreements with third parties to not redeem up to 1,600,000 Class A ordinary shares i
  - Effective: 2023-02-27
  source text: On February 27, 2023, Capitalworks Emerging Markets Acquisition Corp (the “Company” ) and the Company’s sponsor, CEMAC Sponsor LP (the “Sponsor”), entered into non-redemption agreements (the “Non-Redemption Agreements”) with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem up to an aggregate of 1,600,000 Class A ordinary shares of the Company sold in its initial public offering (“Non-Redeemed Shares”)in connection with the extraordinary general meeting of shareholders called by the Company (the “Meeting”) to consider and vote on proposals to amend the Company’s amended and restated memorandum and articles of association to (i) extend the date by which the Company would be required to consummate a business combination from March 3, 2023 to December 3, 2023 (the “Extension”) and (ii) permit the Company’s board of directors, in its sole discretion, to elect to wind up the Company’s operations on an earlier date than December 3, 2023 (including p
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465923026818/0001104659-23-026818-index.htm

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