Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 621

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 621
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 committee,
a nominating committee, and a compensation committee. Each such committee is composed of solely independent directors.

In addition, our board of directors approved the
formation of an advisory committee to be comprised of individuals who will assist management and the board in all aspects of our operations,
including activities aimed at identifying a potential business opportunity and effecting a transaction.

Audit Committee

Effective September 21, 2020, we established an
audit committee of the board of directors, which presently consists of Susan V. Watson and Daniel E. Zucchi, each of whom is an independent
director. The audit committee’s duties, which are specified in our Audit Committee Charter, include, but are not limited to:

    ●
    reviewing and discussing with management and the independent auditor the annual audited financial statements, and recommending to the board whether the audited financial statements should be included in our Form 10-K;

    ●
    discussing with management and the independent auditor significant financial reporting issues and judgments made in connection with the preparation of our financial statements;

    ●
    discussing with management major risk assessment and risk management policies;

    ●
    monitoring the independence of the independent auditor;

    ●
    verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law;

    ●
    reviewing and approving all related-party transactions;

    ●
    inquiring and discussing with management our compliance with applicable laws and regulations;

    ●
    pre-approving all audit services and permitted non-audit services to be performed by our independent auditor, including the fees and terms of the services to be performed;

    ●
    appointing or replacing the independent auditor;

    ●
    determining the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; and

    ●
    establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies.

During the fiscal year ended December 31, 2024,
our audit committee held four meetings. Each of our audit committee members attended such meeting.

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Financial Experts on Audit Committee

The board of directors has determined that Susan
V. Watson qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Nominating