Piermont Valley SPAC to merge with insurtech Tigerless Health at $280M enterprise value

Piermont Valley Acquisition Corp

Enterprise value of ~$280M; existing Tigerless shareholders roll 100% of equity into combined company.
Combined company to be renamed Tigerless AI Holdings and expected to list on Nasdaq in H2 2026.
PIPE financing target of at least $5M; earnout consideration up to $100M contingent on performance milestones.
SPAC shareholders will receive one Pubco Class A share per Piermont share (assuming no redemptions).
Tigerless is a New York-based insurtech using AI to simplify consumer insurance access and navigation.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Piermont Valley Acquisition Corp entered into Agreement and Plan of Merger with Tigerless Health, Inc., Tigerless AI Holdings Inc., Tigerless Merger Sub 1 Corp., and Tigerless Merger Sub 2 Corp. (effective 2026-04-17).

Action: entry
Agreement: merger
Counterparty: Tigerless Health, Inc., Tigerless AI Holdings Inc., Tigerless Merger Sub 1 Corp., and Tigerless Merger Sub 2 Corp.
Effective: 2026-04-17

Exact text from the filing

On April 17, 2026, Piermont Valley Acquisition Corp. (“Piermont”) entered into an Agreement and Plan of Merger (“ Merger Agreement ”) with Tigerless Health, Inc., a New York corporation (“ Tigerless ”), Tigerless AI Holdings Inc., a Nevada corporation and wholly-owned subsidiary of Tigerless (“ Pubco ”), Tigerless Merger Sub 1 Corp., a New York corporation and a wholly-owned subsidiary of Pubco (“ Merger Sub 1 ”) and Tigerless Merger Sub 2 Corp., a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco (“ Merger Sub 2 ”

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Piermont Valley Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001477932-26-002395

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