Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 11

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 common stock and the 6,150,000 private placement warrants are exercisable
into approximately 140,437 shares of Class A common stock, each at a price of approximately $503.61 per share.  In furtherance of
any prospective business opportunities, the Company may in the future seek to pursue a variety of capital raising initiatives.

On
April 29, 2024, the Board of Directors of the Company recommended, and the Company’s sole shareholder approved, an amendment to
the Company’s Second Amended and Restated Certificate of Incorporation (the “Amendment”) to (i) reduce the number of
authorized shares of Class A common stock from 25,000,000 shares to 570,000 shares, (ii) reduce the number of authorized shares of Class
B common stock from 10,000,000 shares to 230,000 shares, and (iii) reduce the number of authorized shares of preferred stock from 20,000,000
shares to 460,000 shares. The Company filed the Amendment with the Secretary of State of the State of Delaware on April 30, 2024.

Liquidity
and Going Concern

At
September 30, 2025, the Company had cash and cash equivalents of $1,081,829. The Company intends 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.

The
Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating the
business. However, if the estimate of the costs of identifying a business opportunity, undertaking in-depth due diligence and
negotiating a transaction are less than the actual amount necessary to do so, the Company may have insufficient funds available to
operate the business prior to a transaction. Moreover, the Company may need to obtain additional financing to complete a
transaction, in which case the Company may issue additional equity securities or incur debt in connection with such transaction. In
addition, following a transaction, if cash on hand is insufficient, the Company may need to obtain additional financing in order to
meet its obligations.

NOTE
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

The
accompanying unaudited condensed financial statements