---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-065150"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:26:45.126891+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Capitalworks issues 5.75M Class A shares on conversion of Class B shares to sponsor

## Summary
- On May 23, 2023, issued 5,749,999 Class A ordinary shares to CEMAC Sponsor LP upon conversion of Class B ordinary shares.
- Issuance is exempt from registration under Section 3(a)(9) of the Securities Act of 1933.
- Converted shares carry same restrictions as original Class B shares: transfer limits, redemption waiver, vote-for-deal obligation.

## SEC filing metadata
- accession: 0001104659-23-065150
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465923065150/0001104659-23-065150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923065150/tm2317103d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-065150
- JSON: https://secwatch.observer/filing/0001104659-23-065150.json
- Plain text: https://secwatch.observer/filing/0001104659-23-065150.txt

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