Piermont Valley secures $1M working capital loan, replaces auditor

Piermont Valley Acquisition Corp

Valleypark Road, LLC loans up to $1M for working capital; non-interest bearing, due June 30, 2026.
Loan convertible into warrants at $1.50/share upon business combination; forgiven if no deal closed.
Auditor Marcum LLP dismissed; Aloba, Awomolo & Partners appointed as new independent auditor.
Marcum's prior audit reports contained a going concern qualification and material weakness in internal controls.
Company previously restated financials due to accounting for complex financial instruments.

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