SPAC extends business combination deadline to March 2025; ~$33.6M redeemed

Piermont Valley Acquisition Corp

Extension Amendment approved: deadline for business combination moved from March 3, 2024 to March 3, 2025.
Shareholders redeemed 3,036,666 Class A shares for approx. $33.6M ($11.07/share) from trust account.
Post-redemption: 6,961,730 Class A shares and 1 Class B share outstanding; sponsor owns ~82.6% of Class A.
Auditor Marcum LLP ratified for FY ending March 31, 2024; Whitney Baker reappointed as Class I director.
Michael Faber resigned Feb 23, 2024, not considered for reappointment at the meeting.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Piermont Valley Acquisition Corp: Amended memorandum and articles of association to extend business combination deadline to March 3, 2025 and allow board to elect earlier winding up (effective 2024-02-29).

Change: charter amendment
Effective: 2024-02-29

Exact text from the filing

a proposal to amend, by special resolution, the Company’s amended and restated memorandum and articles of association, as amended (the “ Extension Amendment ”) (a) to extend the date by which the Company would be required to consummate a business combination from March 3, 2024 to March 3, 2025 and (b) to permit the Company’s board of directors (the “ Board ”), in its sole discretion, to elect to wind up the Company’s operations on an earlier date than March 3, 2025 (including prior to March 3, 2024) (the “ Extension Amendment Proposal ”)

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Piermont Valley Acquisition Corp shareholders approved Extension Amendment Proposal to extend business combination deadline from March 3, 2024 to March 3, 2025 and permit earlier wind-up at the 2024-02-29 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2024-02-29

Exact text from the filing

For Against Abstain 8,359,690 492,311 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Piermont Valley Acquisition Corp shareholders approved Re-appointment of Whitney Baker as Class I Director at the 2024-02-29 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-02-29

Exact text from the filing

For Withheld Whitney Baker 1 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Piermont Valley Acquisition Corp shareholders approved Ratification of Marcum LLP as independent registered public accounting firm for fiscal year ending March 31, 2024 at the 2024-02-29 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-02-29

Exact text from the filing

For Against Abstain 8,360,564 491,437 0

View on SEC.gov

Browse all governance changes →

Piermont Valley Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-031461

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.