secwatch.observer — SEC 8-K summary
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Issuer:     Piermont Valley Acquisition Corp (CMCAF)
CIK:        0001865248
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001104659-23-065150
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865248/000110465923065150/0001104659-23-065150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865248/000110465923065150/tm2317103d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-065150

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