secwatch.observer — SEC 8-K summary
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Issuer:     Piermont Valley Acquisition Corp (CMCAF)
CIK:        0001865248
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001104659-23-066035
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/0001104659-23-066035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865248/000110465923066035/tm2317280d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-066035

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