Capitalworks Emerging Markets Acquisition Corp. Provides Update on Lexasure Group Business Combination

NEW YORK and GEORGE TOWN, Cayman Islands, May 12, 2023 /PRNewswire/ -- Capitalworks Emerging Markets Acquisition Corp. ("CEMAC") (NASDAQ: CMCA), a publicly traded special purpose acquisition company organized in the Cayman Islands to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization or other similar business combination, announced an update on its previously announced initial business combination with Lexasure Financial Group ("Lexasure" or the "Company"), pursuant to which a new Cayman Islands holdings company, Lexasure Financial Holdings Corp. ("Pubco"), will acquire both Lexasure and CEMAC.

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