Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 99

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 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 June 30, 2025, we had cash and cash equivalents
of $1,085,485. 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 six months ended June 30, 2025, cash used
in operating activities was $28,358. Net loss of $80,668 was affected by net increase of changes in operating assets and liabilities of
$52,310.

For the six months ended June 30, 2024, cash provided
by operating activities was $59,770. Net loss of $105,739 was affected by net increase of changes in operating assets and liabilities
of $165,509.

In order to fund working capital deficiencies
or finance transaction costs in connection with a business opportunity, the Sponsor, or certain of our officers and directors or their
affiliates may, but are not obligated to, loan us funds as may be required. If we complete a transaction, we would repay such loaned amounts.
In the event that a transaction does not close, we may use a portion of the working capital to repay such loaned amounts. Up to $1,500,000
of such loans may be convertible into warrants identical to the Private Warrants, at a price of $1.00 per warrant, at the option of the
lender.

We do not believe we will need to raise additional
funds in order to meet the expenditures required for operating our business. However, if our estimate of the costs of identifying a business
opportunity, undertaking in-depth due diligence and negotiating a transaction are less than the actual amount necessary to do so, we may
have insufficient funds available to operate our business prior to a transaction. Moreover, we may need to obtain additional financing
to complete a transaction, in which case we may issue additional equity securities or incur debt in connection with such transaction.
In addition, following a transaction, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our
obligations.