M&A - Capitalworks Emerging Markets Acquisition Corp

Form Type: SCHEDULE 13D/A

Filing Date: 2025-07-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225005068

Filing Summary: This Schedule 13D/A amends the previously filed Schedule 13D from April 25, 2024. It details the beneficial ownership of Class A and Class B ordinary shares of Piermont Valley Acquisition Corp held by Vikasati Partners LLC, which currently holds 1,686,001 Class A ordinary shares, representing approximately 28.31% of the total shares issued as of March 7, 2025. A significant corporate action took place on July 11, 2025, involving a purchase agreement where Vikasati Partners LLC transferred 2,238,999 Class A shares and 1 Class B share to Valleypark Road, LLC. This amendment represents a change in ownership structure and includes updates on various corporate governance aspects, including voting rights associated with the shares. The document provides a comprehensive overview of the ownership changes subsequent to the previous submission and clarifies the aggregate beneficial ownership as recorded in their filings. An associated amendment to the initial public offering letter agreement is also included, alongside commitments to cancel 11,700,000 private placement warrants originally issued to the former sponsor of the company, reinforcing the shift in equitable and voting rights among the involved entities.

Form Type: 8-K

Filing Date: 2025-07-14

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225005004

Filing Summary: On July 11, 2025, Piermont Valley Acquisition Corp. entered into a Share Purchase Agreement with Vikasati Partners LLC and Valleypark Road, LLC. This agreement involved the transfer of 2,238,999 Class A Ordinary Shares and 1 Class B Ordinary Share from the Sponsor to the Purchaser. The agreement also included an amendment to an initial public offering-related letter agreement, granted the Purchaser voting rights over shares retained by the Sponsor, and facilitated the cancellation of 11,700,000 private placement warrants. Additionally, the Company will file an information statement to notify shareholders of changes, including appointments of new directors to the Company's board, effective ten days after the mailing of the statement. Subsequently, several officers, including the CEO and CFO, resigned their positions, with Wei Qian appointed as the new Chairman, CEO, CFO, and director. Wei Qian brings significant experience in private equity and climate tech sectors and has held multiple prestigious positions in investment firms.