Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 454

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 454
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 $(108,141)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Change in fair value of derivative warrant liabilities 
     —  
     (146,020)
  
    Changes in operating assets and liabilities 

    Other receivable 
     —  
     42,424 
  
    Prepaid expenses and other current assets 
     117,485  
     46,989 
  
    Income taxes payable 
     (3,959) 
     (19,933)
  
    Accrued expenses 
     (35,990) 
     (11,846)
  
    Accounts payable – related party 
     120,000  
     120,000 
  
    Net cash provided by (used in) operating activities 
     41,156  
     (76,527)

    Net Change in Cash and Cash Equivalents 
     41,156  
     (76,527)
  
    Cash and cash equivalents – Beginning of year 
     1,072,630  
     1,149,157 
  
    Cash and cash equivalents – End of year 
    $1,113,786  
    $1,072,630 

    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $34,105  
    $56,383 

    Non-cash investing and financing activities: 

    Conversion of Class A convertible common stock to Class C common stock 
    $—  
    $7 
  
    Renaming of Class C common stock to Class A common stock 
    $—  
    $7 

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

F-6

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

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 opportunity 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