Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 145

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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5, were organizational activities, those necessary to prepare
for the IPO, described below, and searching for a business opportunity with which to complete a transaction. We do not expect to generate
any operating revenues until after the completion of a transaction. We generate non-operating income in the form of interest income on
marketable securities held. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing
compliance), as well as for due diligence expenses.

For the three and six months ended June 30, 2025,
we had a net loss of $33,354 and $80,668, respectively, which consists of interest income of $11,443 and $22,313, respectively, offset
by general and administrative expenses of $41,207 and $95,921, respectively, franchise tax expense of $1,500 and $3,000, respectively,
and provision for income taxes of $2,090 and $4,060, respectively.

For the three and six months ended June 30, 2024,
we had a net loss of $28,356 and $105,739, respectively, which consists of interest income of $14,396 and $27,595, respectively, offset
by general and administrative expenses of $42,920 and $97,697, respectively, franchise tax expense of $10,000 and $15,286, respectively,
and provision for income taxes of $(10,168) and $20,351, respectively.

Liquidity and Capital Resources

To the extent that our capital stock or debt is
used, in whole or in part, as consideration to complete a transaction, the remaining cash will be used as working capital to finance operations,
make other acquisitions and pursue our growth strategies.

As of June 30, 2025, we had cash and cash equivalents
of $1,085,485. We intend to use these funds primarily to identify and evaluate potential business opportunities, perform business due
diligence on prospective business opportunities, travel to and from the offices, plants or similar locations associated with prospective
business opportunities, review corporate documents and material agreements related to business opportunities, and structure, negotiate
and complete a transaction.

For the six months ended June 30, 2025, cash used
in operating activities was $28,358. Net loss of $80,668 was affected by net increase of changes in operating assets and liabilities of
$52,310.

For the six