{"url_path":"/sec/cmcaf/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 ** **Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-18","source_url":"https://www.sec.gov/Archives/edgar/data/1865248/0001477932-26-003931-index.html","accession_number":"0001477932-26-003931","cik":"0001865248","ticker":"CMCAF","issuer_name":"Piermont Valley Acquisition Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1865248/0001477932-26-003931-index.html","primary_entity_key":"0001865248","primary_entity_name":"Piermont Valley Acquisition Corp"},"word_count":939,"has_tables":true,"body_markdown":"**Item 5.** **Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities** \n\n \n\n**(a)** **Market Information** \n\n \n\nOur securities are not currently trading on any exchange.\n\n \n\n**(b)** **Holders** \n\n \n\nAt June 12, 2026, there was 1 holder of record of our Units, 3 holders of record of our separately traded Class A ordinary shares, 1 holder of record of our Class B ordinary shares and 3 holders of record of our separately traded Public Warrants. \n\n  \n\n**(c)** **Dividends** \n\n \n\nWe have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial Business Combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business combination will be within the discretion of our board of directors at such time. In addition, our board of directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.\n\n \n\n**(d)** **Securities Authorized for Issuance Under Equity Compensation Plans** \n\n \n\nNone.\n\n \n\n**(e)** **Performance Graph** \n\n \n\nNot applicable.\n\n \n\n**(f)** **Recent Sales of Unregistered Securities; Use of Proceeds from Registered Offerings** \n\n \n\n*Use of Proceeds*\n\n \n\n On November 30, 2021, our registration statement on Form S-1 (File No. 333-260513) was declared effective by the SEC for the Public Offering pursuant to which we sold an aggregate of 23,000,000 Units, inclusive of the underwriters’ election to exercise their option to purchase an additional 3,000,000 Units, at an offering price to the public of $10.00 per Unit for an aggregate offering price of $230,000,000, with each Unit consisting of one Class A ordinary share of the Company at $0.0001 par value and one-half of one warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. \n\n \n\nNet proceeds of $234,600,000 from the Public Offering and the sale of the Private Placement Warrants, were deposited into the Trust Account on the Close Date and the sale of the Private Placement Warrants was deposited in our operating account for future working capital expenditures. We paid $4,600,000 in underwriting discounts and incurred offering costs of $498,152 related to the Public Offering.\n\n \n\n \n\n48\n\n*Table of Contents*\n\n \n\nIn connection with the First Extension adopted at the First Extraordinary General Meeting held on May 23, 2023, we paid approximately $197.2 million in redemption proceeds to shareholders holding 18,751,603 Class A ordinary shares who exercised their right to redeem such shares at a per share redemption price of $10.51.\n\n \n\nOn February 29, 2024, the Company held another extraordinary general meeting of shareholders at which our shareholders approved, by special resolution, the proposal to amend and restate the Company’s amended and restated memorandum and articles of association to further extend the date by which we must (1) consummate our Business Combination, (2) cease our operations except for the purpose of winding up if we fail to complete such Business Combination, and (3) redeem all of the Class A ordinary shares included as part of the Units sold in the Public Offering (the “Second Extension”). In connection with the Second Extension, shareholders holding 3,036,666 Class A Ordinary Shares exercised their right to redeem such shares at a per share redemption price of $11.07. As a result, approximately $33,616,850 was removed from our Trust Account to pay such holders.\n\n \n\nOn February 28, 2025, the Company held another extraordinary general meeting of shareholders at which our shareholders approved, by special resolution, the proposal to amend and restate the Company’s amended and restated memorandum and articles of association to further extend the date by which we must (1) consummate our Business Combination, (2) cease our operations except for the purpose of winding up if we fail to complete such Business Combination, and (3) redeem all of the Class A ordinary shares included as part of the Units sold in the Public Offering (the “Third Extension”). In connection with the Third Extension, shareholders holding 1,006,745 Class A Ordinary Shares exercised their right to redeem such shares at a per share redemption price of approximately $11.56. As a result, approximately $11.64 million was removed from our Trust Account to pay such holders.\n\n \n\nOn March 2, 2026, the Company held another extraordinary general meeting of shareholders at which our shareholders approved, by special resolution, the proposal to amend the Company’s amended and restated memorandum and articles of association to further extend the date by which the Company must consummate a business combination from March 3, 2026 to March 3, 2027. In connection with such extension, shareholders holding 536 Class A ordinary shares exercised their right to redeem such shares. As a result, approximately $6,442 was removed from our Trust Account to pay such holders.\n\n \n\nOther than as described above, there has been no material change in the planned use of proceeds from the Public Offering as described in our final Prospectus, dated December 2, 2021, which was filed with the SEC on November 30, 2021.\n\n \n\n**(g)** **Purchases of Equity Securities by the Issuer and Affiliated Purchasers** \n\n \n\nIn connection with the Extension Proposal approved at the extraordinary general meeting of shareholders held on March 2, 2026, holders of an aggregate of 536 Class A ordinary shares exercised their right to redeem such shares for a pro rata portion of the funds in the Trust Account."}