secwatch.observer — SEC 8-K summary
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Issuer:     Piermont Valley Acquisition Corp (CMCAF)
CIK:        0001865248
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001104659-24-031461
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865248/000110465924031461/0001104659-24-031461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865248/000110465924031461/tm248007d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-031461

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