Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 15

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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, 2025 and 2024 was below the Warrants’ $503.61 exercise price. As a result, diluted loss per
common share is the same as basic loss per common share for the periods presented.

As of June 30, 2025, the Company has two classes
of shares that participate in earnings, which are referred to as Class A common stock (fka Class C common stock) and Class B convertible
common stock (the “Founder Shares”). Earnings and losses are shared pro-rata between the two classes of shares. This presentation
contemplates a transaction as the most likely outcome, in which case, all two classes of shares share pro rata in the loss of the Company.

The following tables reflect the calculation
of basic and diluted net loss per share of common stock (in dollars, except share amounts):

    For the Three Months Ended June 30, 

    2025  
    2024 

    Class A
 common stock
 (fka Class C
 common stock)  
    Class B
 convertible
 common stock  
    Class A
 common stock
 (fka Class C
 common stock)  
    Class B
 convertible
 common stock 
  
    Basic net loss per share of common stock 

    Numerator: 

    Allocation of net loss 
    $(24,405) 
    $(8,949) 
    $(20,748) 
    $(7,608)
  
    Denominator: 

    Basic weighted average shares outstanding 
     73,169  
     26,831  
     73,169  
     26,831 

    Basic net loss per share of common stock 
    $(0.33) 
    $(0.33) 
    $(0.28) 
    $(0.28)

    For the Six Months Ended June 30, 

    2025  
    2024 

    Class A
 common stock
 (fka Class C
 common stock)  
    Class B
 convertible
 common stock  
    Class A
 common stock
 (fka Class C
 common stock)  
    Class B
 convertible
 common stock 
  
    Basic net loss per share of common stock 

    Numerator: 

    Allocation of net loss 
    $(59,024) 
    $(21,644)