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

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 10
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 agreement to obtain an opinion
regarding the fairness to our company from a financial point of view of a business combination with one or more businesses affiliated
with our sponsor, executive officers, directors or existing holders, potential conflicts of interest still may exist and, as a result,
the terms of the business opportunity may not be as advantageous to our public stockholders as they would be absent any conflicts of interest.

We may issue notes or other debt securities,
or otherwise incur substantial debt, to effect a business opportunity, which may adversely affect our leverage and financial condition
and thus negatively impact the value of our stockholder’s investment in us.

Although we have no current commitments to issue
any notes or other debt securities, or to otherwise incur outstanding debt, we may choose to incur substantial debt to effect a business
opportunity. The incurrence of debt could have a variety of negative effects, including:

➤default
and foreclosure on our assets if our operating revenues are insufficient to repay our debt obligations;

➤acceleration
of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants
that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;

➤our
immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand;

➤our
inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing
while the debt security is outstanding;

➤our
inability to pay dividends on our Class A common stock;

➤using
a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends
on our Class A common stock if declared, expenses, capital expenditures, acquisitions and other general corporate purposes;

➤limitations
on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;

➤increased
vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;
and

➤limitations
on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of
our strategy and other purposes and other disadvantages compared to our competitors who have less debt.

6

We may only be able to effect one business
opportunity, which will cause us to be solely dependent on a single business which may have a limited number of products or