Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 111

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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visions that may discourage unsolicited takeover proposals that stockholders may consider to be in their best interests. Holders of
our Founder Shares will be entitled to ten (10) votes for each Founder Share held at any annual or special meeting of stockholders or
in the case of any written consent of stockholders in lieu of a meeting and for all purposes. Holders of our public shares will be entitled
to one vote for each such share. Additionally, only holders of our Founder Shares will have the right to vote on the election of directors.
Holders of our public shares will not be entitled to vote on the election of directors. This may entrench management and discourage unsolicited
stockholder proposals that may be in the best interest of stockholders. Moreover, our board of directors has the ability to designate
the terms of and issue new series of preferred stock.

We are also subject to anti-takeover provisions
under Delaware law, which could delay or prevent a change of control. Together these provisions may make more difficult the removal of
management and may discourage transactions that otherwise could involve payment of a premium over prevailing market prices for our securities.

Our certificate of incorporation provides,
subject to limited exceptions, that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain stockholder
litigation matters, which could limit our stockholder’s ability to obtain a favorable judicial forum for disputes with us or our
directors, officers, employees or stockholders.

Our certificate of incorporation requires, to
the fullest extent permitted by law, that derivative actions brought in our name, actions against directors, officers and employees for
breach of fiduciary duty and other similar actions may be brought only in the Court of Chancery in the State of Delaware and, if brought
outside of Delaware, the stockholder bringing the suit will be deemed to have consented to service of process on such stockholder’s
counsel except any action (A) as to which the Court of Chancery in the State of Delaware determines that there is an indispensable party
not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent to the personal jurisdiction of
the Court of Chancery within ten days following such determination), (B) which is vested in the exclusive jurisdiction of a court or forum
other than the Court of Chancery, (C) for which the Court of Chancery does not have subject matter jurisdiction, or (D) any