---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062507"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T20:05:55.573988+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 for 4M shares; sponsor forfeits 1M Class B shares

## Summary
- Non-redemption agreements with unaffiliated holders cover 4,000,000 Class A shares to support extension vote.
- Sponsor forfeits 1,000,000 Class B shares; company issues 1,000,000 Class A shares to holders at business close.
- Extension proposal moves deadline from June 3, 2023 to March 3, 2024 for initial business combination.
- Agreements aim to increase trust account funds after shareholder meeting; redemptions may be withdrawn by May 23, 2023.

## SEC filing metadata
- accession: 0001104659-23-062507
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-05-19T23:59:59+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/1865248/000110465923062507/0001104659-23-062507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923062507/tm2316296d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062507
- JSON: https://secwatch.observer/filing/0001104659-23-062507.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062507.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465923062507/0001104659-23-062507-index.htm

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