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8-K filed May 19, 2023, 7:59 PM ET ticker CMCAF CIK 0001865248
other material confidence high sentiment neutral materiality 0.50

Capitalworks enters non-redemption agreements for 4M shares; sponsor forfeits 1M Class B shares

Piermont Valley Acquisition Corp

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

Piermont Valley Acquisition Corp entered into Non-Redemption Agreements with certain unaffiliated third parties (each, a 'Holder,' and collectively, the 'Holders') valued at aggregate of 4,000,000 Class A ordinary shares subject to non-redemption; issuance of 1,000,000 Clas (effective 2023-05-18).

Action
entry
Counterparty
certain unaffiliated third parties (each, a 'Holder,' and collectively, the 'Holders')
Value
aggregate of 4,000,000 Class A ordinary shares subject to non-redemption; issuance of 1,000,000 Clas
Effective
2023-05-18
Exact text from the filing
On May 18, 2023, Capitalworks Emerging Markets Acquisition Corp (the "Company" or "we") and the Company's sponsor, CEMAC Sponsor LP (the "Sponsor"), entered into additional non-redemption agreements (the "Non-Redemption Agreements") with certain unaffiliated third parties (each, a "Holder," and collectively, the "Holders") in exchange for the Holder or Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to certain Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares"), of the Company sold in its initial public offering in connection with the extraordinary general meeting called by the Company (the "Meeting") to, among other things, approve an amendment to the Company's amended and restated memorandum and articles of association (the "Charter") to (i) extend the date by which the Company must consummate an initial business combination from June 3, 2023 to March 3, 2024 (the "Extension") an
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Piermont Valley Acquisition Corp filing history →

Source: SEC EDGAR
accession 0001104659-23-062507
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