8-K
filed March 7, 2025, 6:59 PM ET
ticker CMCAF
CIK 0001865248
other material
confidence high
sentiment neutral
materiality 0.70
Piermont Valley Acquisition Corp shareholders approve 1-year extension, name change, and removal of redemption cap
Piermont Valley Acquisition Corp
- Shareholders approved extension of business combination deadline from March 3, 2025 to March 3, 2026.
- Approved removal of net tangible asset redemption limitation (US$5,000,001 floor) to allow unrestricted redemptions.
- Approved name change from Capitalworks Emerging Markets Acquisition Corp to Piermont Valley Acquisition Corp.
- 1,006,745 shares redeemed; outstanding reduced to 5,954,986 Class A and 1 Class B ordinary shares.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Piermont Valley Acquisition Corp: Shareholders approved an amendment to eliminate the redemption limitation from the charter, allowing redemptions without regard to the net tangible assets threshold (effective 2025-02-28).
- Change
- charter amendment
- Effective
- 2025-02-28
Exact text from the filing
Proposal No. 2 — The Redemption Limitation Amendment Proposal — a proposal to eliminate, by way of special resolution, from the charter the limitation that the Company may not redeem public shares to the extent that such redemption would result in the Company having net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended) of less than US$5,000,001 in order to allow the Company to redeem public shares irrespective of whether such redemption would exceed the redemption limitation.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Piermont Valley Acquisition Corp: Shareholders approved an amendment to extend the deadline for the Company to consummate a business combination from March 3, 2025 to March 3, 2026 and allow the board to wind up operations earlier (effective 2025-02-28).
- Change
- charter amendment
- Effective
- 2025-02-28
Exact text from the filing
Proposal No. 1 — The Extension Proposal — proposal to amend, by special resolution, the Company’s amended and restated memorandum of association and articles of association, as amended to extend the date by which the Company would be required to consummate a business combination from March 3, 2025 to March 3, 2026 and (b) to permit the board of directors of the Company, in its sole discretion, to elect to wind up the Company’s operations on an earlier date than March 3, 2026.
View on SEC.gov
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