Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 108

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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make any cash distributions to stockholders to pay such taxes. Stockholders may be subject to withholding taxes or other taxes with respect
to their ownership of us after the reincorporation.

24

Our ability to successfully effect a business
opportunity and to be successful thereafter will be totally dependent upon the efforts of our key personnel. The loss of key personnel
could negatively impact the operations and profitability of a business opportunity.

Prior to the completion of a transaction, our
operations will be dependent upon a relatively small group of individuals and, in particular, our executive officers and directors. We
believe that our success depends on the continued service of our officers and directors, at least until we have completed a business opportunity.
In addition, our executive officers and directors are not required to commit any specified amount of time to our affairs and, accordingly,
will have conflicts of interest in allocating their time among various business activities, including identifying potential business opportunities
and monitoring the related due diligence. We do not have an employment agreement with, or key-man insurance on the life of, any of
our directors or executive officers. The unexpected loss of the services of one or more of our directors or executive officers could have
a detrimental effect on us.

The role of key personnel in a business opportunity,
however, cannot presently be ascertained. Although some key personnel may remain in senior management or advisory positions following
a transaction, it is equally likely that some or all may be replaced. While we intend to closely scrutinize any individuals we engage
in relation to a particular business opportunity, we cannot assure you that our assessment of these individuals will prove to be correct.
These individuals may be unfamiliar with the requirements of operating a company regulated by the SEC, which could cause us to have to
expend time and resources helping them become familiar with such requirements. In addition, certain officers and directors may resign
upon completion of a transaction. The departure of key personnel could negatively impact our operations and profitability. The role of
key personnel cannot be ascertained at this time. Although we contemplate that certain members of the management team will remain post-transaction,
it is possible that members of management will not wish to remain. The loss of key personnel could negatively impact the operations and
profitability of our post-transaction business.

Our key personnel may negotiate employment
or consulting agreements in connection with a particular business opportunity, and a particular business opportunity may be conditioned
on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation