---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-006019"
form_type: "8-K"
ticker: "CMCAF"
cik: "0001865248"
company_name: "Piermont Valley Acquisition Corp"
filed_at: "2026-10-02T20:30:31+00:00"
generated_at: "2026-10-12T14:38:53.668221+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Piermont Valley SPAC signs $5M PIPE with Capstan Point for Tigerless merger

## Summary
- PIPE: 5,000 Series A Convertible Preferred shares at $1,000 stated value ($5.0M total), funded in two tranches — $3.5M at first closing, $1.5M on the 90th business day after Closing.
- Conversion price is the lower of $10.00 or 93% of 5-day lowest VWAP, with initial $2.00 floor; at $10.00 converts to 550,000 shares, at $2.00 to roughly 2,750,000 shares.
- Floor price auto-resets lower every six months (to 20% of recent closes) once shares are freely tradable, potentially increasing dilution further.
- Existing Tigerless/Piermont holders must transfer 2,000,000 Pubco Class A shares to investor Capstan Point as a one-time closing fee, capped at 4.99% beneficial ownership.
- Pubco must file a resale registration within 30 days of first closing; missed deadlines trigger 5% liquidated damages plus 5% per 30 days, with 18% interest.

## SEC filing metadata
- accession: 0001477932-26-006019
- form_type: 8-K
- ticker: CMCAF
- cik: 0001865248
- company_name: Piermont Valley Acquisition Corp
- filed_at: 2026-10-02T20:30:31+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865248/000147793226006019/0001477932-26-006019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865248/000147793226006019/cmca_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-006019
- JSON: https://secwatch.observer/filing/0001477932-26-006019.json
- Plain text: https://secwatch.observer/filing/0001477932-26-006019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.