Brief: Lexasure Financial Group Signed Business Combination Agreement To Go Public Via Combination With Capitalworks Emerging Markets Acquisition Corp

Piermont Valley Acquisition

01/03/2023 13:15

March 1 (Reuters) - Capitalworks Emerging Markets
Acquisition Corp  CMCA.O :
    * LEXASURE FINANCIAL GROUP, A LEADING PROVIDER OF
REINSURANCE AND
DIGITAL INSURANCE PRODUCTS, SIGNED BUSINESS COMBINATION
AGREEMENT TO GO PUBLIC VIA COMBINATION WITH CAPITALWORKS
EMERGING MARKETS ACQUISITION CORP
    * TRANSACTION VALUES LEXASURE ON A PRE-MONEY EQUITY VALUE OF
$250
MILLION
    * AT DEAL CLOSING, CEMAC SECURITY HOLDERS TO RECEIVE
EQUIVALENT
SECURITIES IN PUBCO IN EXCHANGE OF CEMAC SECURITIES

Source text for Eikon:  ID:nGNX8b4hdr 
Further company coverage:  CMCA.O