Piermont Valley Acquisition enters USD 5 million PIPE for Tigerless AI merger financing

• Piermont Valley Acquisition Corp. entered a $5 million PIPE with Capstan Point for Tigerless AI Holdings’ Series A convertible preferred stock.
• Unregistered sale covers 5,000 preferred shares at $1,000 each, relying on Securities Act Section 4(a)(2) and Rule 506(b).
• Funding splits into $3.5 million on the first business day post-closing, then $1.5 million on the 90th business day.
• Preferred converts at holder option; conversion price is the lower of $10 or 93% of five-day VWAP, with a $2 floor.
• PIPE investor also receives 2,000,000 Class A shares as a closing fee, transferred by existing holders subject to a 4.99% cap.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Piermont Valley Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006019), on October 02, 2026, and is solely responsible for the information contained therein.