Lexasure to go public via SPAC merger with Capitalworks Emerging Markets at $250M pre-money valuation

Piermont Valley Acquisition Corp

CEMAC (NASDAQ: CMCA) entered a definitive business combination agreement with Lexasure Financial Group.
Lexasure valued at $250M pre-money equity; up to 5M additional Pubco shares contingent on performance.
CEMAC had $234.6M in trust as of December 2021; deadline extended to June 3, 2023.
Lexasure provides reinsurance and digital insurance in 22 countries across Asia, Middle East, and North America.
Transaction requires CEMAC stockholder approval; Pubco to file F-4 proxy/prospectus with SEC.

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