---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-028813"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:36:39.177866+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Capitalworks SPAC enters non-redemption agreements to extend deadline to March 2025

## Summary
- Holders agree not to redeem 1,025,000 Class A shares; sponsor to forfeit up to 307,500 founder shares.
- Forfeited shares issued to holders; trust account estimated at ~$11.07 per share as of Feb 27, 2024.
- Extraordinary meeting to approve charter extension from March 3, 2024 to March 3, 2025.
- Non-redemption deals expected to increase trust funds remaining after the meeting.

## SEC filing metadata
- accession: 0001104659-24-028813
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000110465924028813/0001104659-24-028813-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000110465924028813/tm247514d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-028813
- JSON: https://secwatch.observer/filing/0001104659-24-028813.json
- Plain text: https://secwatch.observer/filing/0001104659-24-028813.txt

## Key facts
- Material Agreements
  Piermont Valley Acquisition Corp entered into Non-Redemption Agreements with certain unaffiliated third parties valued at an aggregate of 1,025,000 Class A ordinary shares (effective 2024-02-27).
  - Action: entry
  - Counterparty: certain unaffiliated third parties
  - Value: an aggregate of 1,025,000 Class A ordinary shares
  - Effective: 2024-02-27
  source text: On February 27, 2024, Capitalworks Emerging Markets Acquisition Corp (the “ Company ”) and the Company’s sponsor, CEMAC Sponsor LP (the “ Sponsor ”), entered into non-redemption agreements (the “ Non-Redemption Agreements ”) with certain unaffiliated third parties (each, a “ Holder ,” and collectively, the “ Holders ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865248/000110465924028813/0001104659-24-028813-index.htm

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