Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 113

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 113
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aler quotations. All quotes will reflect unsolicited customer orders and, as a result, we expect any trading to involve
a higher risk of wider spreads, increased volatility, and price dislocations and a general illiquid trading environment. Proprietary broker-dealer
quotations may not commence until an initial review by a broker-dealer under the SEC’s Rule 15c2-11 which would enable brokers to
publish competing quotes and provide continuous market making. No assurance can be provided that a liquid trading market will develop
even if market makers begin proprietary quotations and thus, we expect investors will experience difficulty in trading our securities.

The National Securities Markets Improvement Act
of 1996, which is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred
to as “covered securities.” Because they have been delisted, our securities would not be covered securities and we would be
subject to regulation in each state in which we offer our securities. This state level regulation introduces additional compliance requirements
for brokers to consider making markets in our securities and will further negatively impact any trading liquidity in our securities.

ITEM 1B. UNRESOLVED STAFF COMMENTS

Not applicable.

ITEM 1C. CYBERSECURITY

The Company utilizes office space and IT infrastructure
that are managed by staff who are employees of an affiliated member of our Sponsor. This affiliated member of our Sponsor has developed
and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity and availability of critical
systems and information.

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Accordingly, the Company relies on the cybersecurity
risk management program of the affiliated member of our Sponsor and has determined that the program is aligned with the Company’s
business strategy. It shares common methodologies, reporting channels and governance processes that apply to other areas of enterprise
risk, including legal, compliance, strategic, operational, and financial risk. Key elements of the cybersecurity risk management program
include:

    ●
    risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise information technology environment;

    ●
    a security team principally responsible for managing our cybersecurity risk assessment processes, our security controls, and our response to cybersecurity incidents;

    ●
    the use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls;

    ● training and risk awareness programs for team members that include periodic and ongoing assessments to drive adoption and awareness of cybersecurity processes and controls