Capitalworks EM Acquisition Corp terminates business combination with Lexasure

Piermont Valley Acquisition Corp

SPAC and Lexasure mutually agreed to terminate Business Combination Agreement on March 22, 2024.
Termination Agreement includes mutual release of claims among all parties.
Ancillary documents (Voting, Lock-Up, Non-Competition, Sponsor Letter Agreements) also terminated.
No termination fee or extension of SPAC deadline disclosed.

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