Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 99

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 on March 18, 2020, for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business opportunity with one or
more businesses or entities (collectively, a “business opportunity”). Our efforts to identify a prospective business opportunity
will not be limited to a particular industry or geographic location, although we are currently focusing our search for a business opportunity
in the consumer products industry. We intend to effectuate a business opportunity using cash, our capital stock, debt or a combination
of cash, stock and debt.

The
issuance of additional shares of our stock in a transaction:

    ●
    may
    significantly reduce the equity interest of our stockholders;

    ●
    may
    subordinate the rights of holders of shares of common stock if we issue shares of preferred stock with rights senior to those afforded
    to our shares of common stock;

    ●
    will
    likely cause a change in control if a substantial number of our shares of common stock are issued, which may affect, among other
    things, our ability to use our net operating loss carry forwards, if any, and most likely will also result in the resignation or
    removal of our present officers and directors; and

    ●
    may
    adversely affect prevailing market prices for our securities.

Similarly,
if we issue debt securities or otherwise incur significant indebtedness, it could result in:

    ●
    default
    and foreclosure on our assets if our operating revenues after a transaction are insufficient to pay our debt obligations;

    ●
    acceleration
    of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt security
    contains covenants that required the maintenance of certain financial ratios or reserves and we breach any such covenant without
    a waiver or renegotiation of that covenant;

    ●
    our
    immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand; and

    ●
    our
    inability to obtain additional financing, if necessary, if the debt security contains covenants restricting our ability to obtain
    additional financing while such security is outstanding.

Results
of Operations

17

We
have neither engaged in any operations nor generated any revenues to date. Our only activities through September 30, 2025, were organizational
activities, those necessary to prepare for the IPO, described below,