Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 246

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 4
Chunk 246
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 we reach an agreement relating to a specific business opportunity, we may
fail to complete the transaction for any number of reasons, including those beyond our control. Any such event will result in a loss
to us of the related costs incurred which could materially adversely affect subsequent attempts to identify and effect another business
opportunity.

We
may reincorporate in another jurisdiction and such reincorporation may result in taxes imposed on stockholders.

We
may, subject to requisite stockholder approval under the DGCL, reincorporate in another jurisdiction. The transaction may require a stockholder
to recognize taxable income in the jurisdiction in which the stockholder is a tax resident or in which its members are resident if it
is a tax transparent entity. We do not intend to make any cash distributions to stockholders to pay such taxes. Stockholders may be subject
to withholding taxes or other taxes with respect to their ownership of us after the reincorporation.

24

Our
ability to successfully effect a business opportunity and to be successful thereafter will be totally dependent upon the efforts of our
key personnel. The loss of key personnel could negatively impact the operations and profitability of a business opportunity.

Prior
to the completion of a transaction, our operations will be dependent upon a relatively small group of individuals and, in particular,
our executive officers and directors. We believe that our success depends on the continued service of our officers and directors, at
least until we have completed a business opportunity. In addition, our executive officers and directors are not required to commit any
specified amount of time to our affairs and, accordingly, will have conflicts of interest in allocating their time among various business
activities, including identifying potential business opportunities and monitoring the related due diligence. We do not have an employment
agreement with, or key-man insurance on the life of, any of our directors or executive officers. The unexpected loss of the services
of one or more of our directors or executive officers could have a detrimental effect on us.

The
role of key personnel in a business opportunity, however, cannot presently be ascertained. Although some key personnel may remain in
senior management or advisory positions following a transaction, it is equally likely that some or all may be replaced. While we intend
to closely scrutinize any individuals we engage in relation to a particular business opportunity, we cannot assure you that our assessment
of these individuals will prove to be correct. These individuals may be unfamiliar with the requirements of operating a company regulated
by the SEC, which could cause us