Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 260

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 260
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 our officers or directors compensation in lieu of a salary.

Other than the $10,000 per month administrative
fee, the payment of consulting, success or finder fees to our Sponsor, officers, directors, initial stockholders or their affiliates in
connection with the consummation of a transaction and the repayment of loans that may be made by our Sponsor to us, no compensation or
fees of any kind, including finder’s, consulting fees and other similar fees, will be paid to our Sponsor, initial stockholders,
special advisors, members of our management team or their respective affiliates, for services rendered prior to or in connection with
the consummation of a transaction (regardless of the type of transaction that it is). However, they will receive reimbursement for any
out-of-pocket expenses incurred by them in connection with activities on our behalf, such as identifying potential business opportunities,
performing business due diligence on suitable business opportunities and transactions as well as traveling to and from the offices, plants
or similar locations related to prospective business opportunities to examine their operations. There is no limit on the amount of out-of-pocket expenses
reimbursable by us.

After the completion of a transaction, members
of our management team who remain with us may be paid consulting, management or other fees from the company with any and all amounts being
fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials furnished to our stockholders. However,
the amount of such compensation may not be known at the time of the stockholder meeting, if any, held to consider a transaction, as it
will be up to the directors of the post-combination business, if any, to determine executive and director compensation. In this event,
such compensation will be publicly disclosed at the time of its determination in a Current Report on Form 8-K or a periodic
report, as required by the SEC.

Since our formation, we have not granted any stock
options or stock appreciation rights or any other awards under long-term incentive plans to any of our executive officers or directors.

31

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth information regarding
the beneficial ownership of our common stock by:

    ●
    each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock;

    ●
    each of our officers and directors; and