---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-027019"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:02:56.849249+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-027019
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465923027019/0001104659-23-027019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923027019/tm238181d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-027019
- JSON: https://secwatch.observer/filing/0001104659-23-027019.json
- Plain text: https://secwatch.observer/filing/0001104659-23-027019.txt

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