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

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Liabilities: 

    Derivative Warrant Liabilities – Public Warrants 
    $1,750  
    $     —  
    $1,750  
    $    — 

    Derivative Warrant Liabilities – Private Placement Warrants 
    $1,230  
    $—  
    $1,230  
    $— 

15

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 7. FAIR VALUE MEASUREMENTS (CONT.)

The fair value of the Company’s Public Warrants
at June 30, 2025 and December 31, 2024, is based on observable inputs. As of June 30, 2025 and December 31, 2024, the measurement of the
Private Warrants is classified as Level 2 due to the use of an observable market quote for a similar asset in an active market.

The aforementioned warrant liabilities are not
subject to qualified hedge accounting.

 Transfers to/from Levels 1, 2 and 3 are recognized
at the end of the reporting period in which a change in valuation technique or methodology occurs. There were no transfers during the
six months ended June 30, 2025 or the year ended December 31, 2024.

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

 The CODM assesses performance for the single segment
and decides how to allocate resources based on net loss that also is reported on the statements of operations as net loss.