Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 592

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 592
---
 common (fka Class C common)   73.07%   73,073   Total Class A Common Shares      73.17%   73,169                   Restricted**  Class A convertible common   —%   —   Restricted**  Class B convertible common   26.83%   26,831   Total Outstanding Shares      100.00%   100,000  

    *
    Registered shares are not listed, and thus are not freely tradeable.

    **
    Restricted shares are unregistered, are not freely tradable and are subject to individual legends and restrictions.

F-14

PMV CONSUMER ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024

NOTE 6. INCOME TAXES

The Company’s net deferred tax assets at
December 31, 2024 and 2023, are as follows: 

    Deferred tax asset 
    2024  
    2023 
  
    Organizational costs/Start-up expenses 
    $438,922  
    $401,781 
  
    Federal Net Operating Loss 
     —  
     — 
  
    Total deferred tax asset 
     438,922  
     401,781 
  
    Valuation allowance 
     (438,922) 
     (401,781)
  
    Deferred tax asset, net of allowance 
    $—  
    $— 

The income tax provision for the years ended December 31, 2024 and
2023, consists of the following: 

    Federal 
    2024  
    2023 
  
    Current 
    $25,700  
    $11,133 
  
    Deferred 
     (37,141) 
     (53,905)
  
    State 

    Current 
    $4,446  
    $25,052 
  
    Deferred 
     —  
     — 
  
    Change in valuation allowance 
     37,141  
     53,905 
  
    Income tax provision 
    $30,146  
    $36,185 

As of December 31, 2024 and 2023, the Company
did not have any U