Capitalworks Emerging Markets Acquisition Corp (CMCAU) operates as a blank check company whose sole business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company targets high-growth, cross-border companies in middle-income emerging markets, particularly in consumer and consumer technology; financial and business services; healthcare and technology; and media and telecom sectors, with potential to replicate models across emerging markets or adapt to developed markets. Incorporated in 2021 as a Cayman Islands exempted company and headquartered in Fremont, California, it functions as a subsidiary of CEMAC Sponsor LP; units trade on the OTC Pink Market. Recent developments include a name change to Piermont Valley Acquisition Corp in February 2025; delisting from Nasdaq in June 2024 with subsequent OTC listing; mutual termination in March 2024 of a proposed business combination with Lexasure Financial Group Limited, a reinsurance and digital insurance provider; and sale in April 2024 of sponsor economics to Vikasati Partners.