Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 352

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part II, Item 1A
Chunk 352
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Securities Act.

On
September 24, 2020, we consummated the Initial Public Offering of 17,500,000 Units, which did not include the full or partial exercise
by the underwriters of the over-allotment option to purchase an additional 2,625,000 Units, at $10.00 per Unit. The securities in the
offering were registered under the Securities Act on registration statements on Form S-1 (No. 333-241670). The Securities and Exchange
Commission declared the registration statements effective on September 21, 2020.

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of 6,150,000 warrants at a price of $1.00 per Private
Warrant in a private placement to PMV Consumer Acquisition Holdings Company, LLC, generating gross proceeds of $6,150,000. The issuance
was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The
Private Warrants are identical to the warrants underlying the Units sold in the Initial Public Offering, except that the Private Warrants
are not transferable, assignable or saleable, subject to certain limited exceptions.

Of
the gross proceeds received from the Initial Public Offering and the sale of the Private Warrants, $175,000,000 was placed in the Trust
Account. The Trust Account was terminated following the redemption of the outstanding shares of Class A convertible common stock subject
to redemption, which was completed on December 27, 2022, in accordance with the provisions of our charter, and all cash and stock held
therein was released to holders of Class A IPO Shares in complete liquidation of the assets held in trust.

We
paid a total of $3,500,000 in underwriting discounts and commissions and $332,390 for other costs and expenses related to the Initial
Public Offering, net of a $175,000 credit paid by the Underwriter.

Item
3. Defaults upon Senior Securities.

None

Item
4. Mine Safety Disclosures.

Not
applicable

Item
5. Other Information.

None

36

Item
6. Exhibits

The
following exhibits are filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.

No.
     
    Description
    of Exhibit
  
    1.1.
     
    Underwriting
    Agreement between the Company and U