---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-063415"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:31:47.683419+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Capitalworks enters non-redemption agreement for 399,737 shares; sponsor to forfeit 99,935 Class B shares

## Summary
- Agreement with unaffiliated third-party holder in exchange for not redeeming 399,737 Class A shares at May 2023 meeting.
- Sponsor will forfeit 99,935 Class B shares; Company will issue same number of Class A shares to holder at business combination close.
- Aggregate non-redemption agreements now cover 4,399,737 Class A shares; total forfeited shares = 1,099,935.
- Agreements aim to increase trust account funds remaining after meeting; shareholder vote on extension to March 3, 2024.
- Redemption withdrawal deadline is May 23, 2023; meeting to approve charter amendments.

## SEC filing metadata
- accession: 0001104659-23-063415
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465923063415/0001104659-23-063415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923063415/tm2316525d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-063415
- JSON: https://secwatch.observer/filing/0001104659-23-063415.json
- Plain text: https://secwatch.observer/filing/0001104659-23-063415.txt

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