Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 38

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 of hours per
week to our affairs. Our independent directors also serve as officers and board members for other entities. If our executive officers’
and directors’ other business affairs require them to devote substantial amounts of time to such affairs in excess of their current
commitment levels, it could limit their ability to devote time to our affairs which may have a negative impact on our ability to effect
a business opportunity.

24

Our officers and directors presently have
fiduciary or contractual obligations to other entities and, accordingly, may have conflicts of interest in determining to which entity
a particular business opportunity should be presented.

We intend to engage in the business of identifying
and effecting one or more business opportunities. Each of our officers and directors presently has, and any of them in the future may
have, additional fiduciary or contractual obligations to other entities pursuant to which such officer or director is or will be required
to present business opportunities to such entity. Accordingly, our officers and directors may have conflicts of interest in determining
to which entity a particular business opportunity should be presented. These conflicts may not be resolved in our favor and a potential
business opportunity may be presented to another entity prior to its presentation to us, subject to their fiduciary duties under Delaware
law.

Our officers and directors may in the future
become affiliated with entities engaged in business activities similar to those intended to be conducted by us, and, accordingly, may
have conflicts of interest in determining to which entity a particular business opportunity should be presented.

We intend to engage in the business of identifying
and effecting one or more business opportunities. Each of our officers and directors presently has, and any of them in the future may
have, additional fiduciary or contractual obligations to other entities pursuant to which such officer or director is or will be required
to present business opportunities to such entities. Accordingly, they may have conflicts of interest in determining to which entity a
particular business opportunity should be presented. These conflicts may not be resolved in our favor and a potential target business
may be presented to other entities prior to its presentation to us, subject to our officers’ and directors’ fiduciary duties
under Delaware law.

In addition, our Sponsor and our officers and
directors may sponsor or form other companies similar to ours or may pursue other business or investment ventures during the period in
which we are seeking business opportunities. Any such companies, businesses or investments may present additional conflicts of interest
in pursuing business opportunities. However, we do