Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 100

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 and searching for a business opportunity with which to complete
a transaction. We do not expect to generate any operating revenues until after the completion of a transaction. We generate non-operating
income in the form of interest income on marketable securities held. We incur expenses as a result of being a public company (for legal,
financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For
the three and nine months ended September 30, 2025, we had a net loss of $37,249 and $117,917, respectively, which consists of interest
income of $11,753 and $34,066, respectively, offset by general and administrative expenses of $45,352 and $141,273, respectively, franchise
tax expense of $1,500 and $4,500, respectively, and provision for income taxes of $2,150 and $6,210, respectively.

For
the three and nine months ended September 30, 2024, we had a net loss of $45,555 and $151,294, respectively, which consists of interest
income of $14,480 and $42,075, respectively, offset by general and administrative expenses of $50,395 and $148,092, respectively, franchise
tax expense of $8,000 and $23,286, respectively, and provision for income taxes of $1,640 and $21,991, respectively.

Liquidity
and Capital Resources

To
the extent that our capital stock or debt is used, in whole or in part, as consideration to complete a transaction, the remaining cash
will be used as working capital to finance operations, make other acquisitions and pursue our growth strategies.

As
of September 30, 2025, we had cash and cash equivalents of $1,081,829. We intend to use these funds primarily to identify and evaluate
potential business opportunities, perform business due diligence on prospective business opportunities, travel to and from the offices,
plants or similar locations associated with prospective business opportunities, review corporate documents and material agreements related
to business opportunities, and structure, negotiate and complete a transaction.

For
the nine months ended September 30, 2025, cash used in operating activities was $31,957. Net loss of $117,917 was affected by net increase
of changes in operating assets and liabilities of $85,960.

For
the nine months ended September 30, 2024, cash provided by operating activities was $