Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 148

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 148
---
 therefore, may prove to be incorrect and such management may lack the skills, qualifications
or abilities we suspected. Should management not possess the skills, qualifications or abilities necessary to manage a public company,
the operations and profitability of the post-transaction business may be negatively impacted.

Our executive officers and directors will
allocate their time to other businesses, thereby causing conflicts of interest in their determination as to how much time to devote to
our affairs. This conflict of interest could have a negative impact on our ability to effect a business opportunity.

Our executive officers and directors are not required
to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our
operations and our search for a business opportunity and their other businesses. We do not intend to have any full-time employees
prior to the completion of a transaction. Each of our executive officers is engaged in several other business endeavors for which they
may be entitled to substantial compensation, and our executive officers are not obligated to contribute any specific number 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