Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 595

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 595
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 2024 and 2023, the measurement of the Private Warrants
is classified as Level 2 due to the use of an observable market quote for a similar asset.

The aforementioned warrant liabilities are not
subject to qualified hedge accounting.

Transfers to/from Levels 1, 2 and 3 are recognized at the end of the
reporting period in which a change in valuation technique or methodology occurs.

F-16

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

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

 The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

 The CDOM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or
loss. The measure of segment assets is reported on the balance sheet as total assets.

 When evaluating the Company’s performance
and making key decisions regarding resource allocation the CODM reviews several key metrics included in net income or loss and total assets,
which include the following:

 The key measures of segment profit or loss reviewed
by the CODM is net income or loss, including formation and general and administrative costs. Formation and general and administrative
costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business
Combination. The CODM also reviews Formation and general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the statement of operations,
are the significant segment expenses provided to the CDOM on a regular basis. All other segment items included in net income or loss are
reported on the statement of operations and described within their respective disclosures