Piermont Valley Acquisition FY26 net loss widens to $1.7 million

Capitalworks Emerging Markets Acquisition Corp

Capitalworks Emerging Markets Acquisition Corp

CMCAF

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  • Piermont Valley Acquisition posted a net loss of $1.7 million for the year ended March 31, 2026, compared with net income of $1.64 million a year earlier.
  • The loss included a $1.57 million change in fair value of warrant liability, partly offset by $81,077 of interest income on the trust account.
  • Cash totaled $4,540 at March 31, 2026, with a working capital deficit of $325,469; management flagged substantial doubt about going concern.
  • The SPAC terminated its Lexasure deal in March 2024, then signed a merger agreement with Tigerless Health on April 17, 2026.


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