---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066035"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T12:01:18.061430+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SPAC shareholders approve extension to March 3, 2024; $197M redeemed

## Summary
- Extension from June 3, 2023 to March 3, 2024 approved; board may elect earlier liquidation.
- Shareholders redeemed 18,751,603 Class A shares for ~$197.2M ($10.51 per share).
- Sponsor converted 5,749,999 Class B shares to Class A, now holds ~57.5% of outstanding Class A.
- Trust amendment and charter amendments filed with Cayman Registrar.
- Remaining Class A shares outstanding: 9,998,396; one Class B share outstanding.

## SEC filing metadata
- accession: 0001104659-23-066035
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/0001104659-23-066035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/tm2317280d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066035
- JSON: https://secwatch.observer/filing/0001104659-23-066035.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066035.txt

## Key facts
- Governance Changes
  Piermont Valley Acquisition Corp: Extended deadline for business combination from June 3, 2023 to March 3, 2024; added board discretion to wind up earlier (effective 2023-05-23).
  - Change: charter amendment
  - Effective: 2023-05-23
  source text: The Company filed the Charter Amendments with the Cayman Islands Registrar of Companies on May 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/0001104659-23-066035-index.htm
- Shareholder Votes
  Piermont Valley Acquisition Corp shareholders approved Trust Amendment Proposal to extend business combination deadline in Trust Agreement to March 3, 2024 at the 2023-05-23 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Trust Amendment Proposal For Against Abstain 22,184,457 251,406 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/0001104659-23-066035-index.htm
- Shareholder Votes
  Piermont Valley Acquisition Corp shareholders approved Liquidation Amendment Proposal to permit board to wind up operations earlier than March 3, 2024 at the 2023-05-23 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Liquidation Amendment Proposal For Against Abstain 22,184,457 251,406 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/0001104659-23-066035-index.htm
- Shareholder Votes
  Piermont Valley Acquisition Corp shareholders approved Extension Amendment Proposal to extend business combination deadline from June 3, 2023 to March 3, 2024 at the 2023-05-23 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Extension Amendment Proposal For Against Abstain 22,184,457 251,406 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/0001104659-23-066035-index.htm

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