Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 4

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 reconcile net loss to net cash (used in) provided by operating activities: 

    Changes in operating assets and liabilities 

    Prepaid expenses and other current assets 
     (1,240) 
     108,045 
  
    Income taxes payable 
     (6,300) 
     (10,259)
  
    Accrued expenses 
     (150) 
     7,723 
  
    Accounts payable – related party 
     60,000  
     60,000 
  
    Net cash (used in) provided by operating activities 
     (28,358) 
     59,770 

    Net Change in Cash and Cash Equivalents 
     (28,358) 
     59,770 
  
    Cash and cash equivalents – Beginning of period 
     1,113,786  
     1,072,630 
  
    Cash and cash equivalents – End of period 
    $1,085,428  
    $1,132,400 
  
    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $14,600  
    $34,000 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

5

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS
OPERATIONS

PMV Consumer Acquisition Corp. (the “Company”)
was incorporated in Delaware on March 18, 2020. The Company was formed for the purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Although the Company is not limited to a particular
industry or sector for purposes of identifying a potential business opportunity and consummating a transaction, the Company intends to
focus its search on business opportunities in the consumer products industry. The Company is an early stage and emerging growth company
and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 As of June 30, 2025, the Company had not commenced
any operations. All activity through June 30, 2025 relates to the Company’s formation, the initial public offering (“Initial