Piermont Valley Acquisition Corp. Reports Improved Net Loss and Prepares for Merger with Tigerless Health

Piermont Valley Acquisition Corp. has reported its financial results for the three months ending June 30, 2026, revealing a net loss of $5,402, a significant improvement compared to a net loss of $897,045 during the same period in 2025. The company’s total expenses for the quarter were $27,238, down from $33,940 a year earlier. This reduction in expenses was partially offset by a decrease in the change in fair value of warrant liabilities, which was not applicable in the current quarter, compared to a loss of $884,244 in the previous year. The company generated $21,834 in dividend income and $2 in interest income during the quarter.

As of June 30, 2026, Piermont Valley Acquisition Corp. reported total assets of $2,481,689, which includes $2,478,814 held in trust. This represents a slight increase from $2,461,520 as of March 31, 2026. The company’s liabilities also increased, totaling $1,505,580, compared to $1,480,009 in the previous quarter. The accrued expenses rose to $79,059 from $74,212, and the note payable to a related party increased to $276,521 from $255,797. The company’s shareholders’ deficit widened to $1,502,705 from $1,475,469, primarily due to the accumulation of losses.

In terms of operational developments, Piermont Valley Acquisition Corp. is in the process of completing a merger with Tigerless Health, Inc., which remains subject to various closing conditions, including shareholder and SEC approvals. The merger agreement was signed on April 17, 2026, and if successful, it will result in Tigerless becoming a wholly-owned subsidiary of the newly formed public entity. The company is also pursuing a private investment in public equity (PIPE) financing of at least $5 million to support the merger.

The company’s liquidity position remains a concern, with only $2,875 in cash available outside the trust account and a working capital deficit of $352,705 as of June 30, 2026. Management has indicated that it may need to secure additional financing to continue operations and complete the proposed business combination. The company has entered into a non-interest-bearing promissory note with its new sponsor, Valleypark, for up to $1 million, which may be converted into warrants upon the completion of the merger. However, there is no assurance that the company will be able to raise the necessary funds or successfully complete the merger.

Looking ahead, the company faces substantial doubt about its ability to continue as a going concern for the next year, particularly if the business combination is not completed by the extended deadline of March 3, 2027. Management plans to continue seeking additional working capital and pursuing the merger with Tigerless, but the outcome remains uncertain. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.