---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061388"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:05:51.266982+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Capitalworks enters non-redemption agreements covering 400K shares; extends deadline to March 2024

## Summary
- Non-redemption agreements with holders not to redeem 400,000 Class A shares in exchange for forfeiture of 100,000 Class B shares by sponsor.
- Extension of business combination deadline from June 3, 2023 to March 3, 2024, subject to shareholder vote.
- Lexasure agreed to loan up to $600,000 to fund extension-related trust deposits and expenses.
- Estimated trust account value $10.4925 per share as of May 15, 2023; company will deposit $50K/month for up to $450K if extension approved.

## SEC filing metadata
- accession: 0001104659-23-061388
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465923061388/0001104659-23-061388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923061388/tm2315944d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061388
- JSON: https://secwatch.observer/filing/0001104659-23-061388.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061388.txt

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