Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 203

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 3
Chunk 203
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least until we have completed a business opportunity. In addition, our executive officers and directors are not required to commit any
specified amount of time to our affairs and, accordingly, will have conflicts of interest in allocating their time among various business
activities, including identifying potential business opportunities and monitoring the related due diligence. We do not have an employment
agreement with, or key-man insurance on the life of, any of our directors or executive officers. The unexpected loss of the services
of one or more of our directors or executive officers could have a detrimental effect on us.

The
role of key personnel in a business opportunity, however, cannot presently be ascertained. Although some key personnel may remain in
senior management or advisory positions following a transaction, it is equally likely that some or all may be replaced. While we intend
to closely scrutinize any individuals we engage in relation to a particular business opportunity, we cannot assure you that our assessment
of these individuals will prove to be correct. These individuals may be unfamiliar with the requirements of operating a company regulated
by the SEC, which could cause us to have to expend time and resources helping them become familiar with such requirements. In addition,
certain officers and directors may resign upon completion of a transaction. The departure of key personnel could negatively impact our
operations and profitability. The role of key personnel cannot be ascertained at this time. Although we contemplate that certain members
of the management team will remain post-transaction, it is possible that members of management will not wish to remain. The loss of key
personnel could negatively impact the operations and profitability of our post-transaction business.

Our
key personnel may negotiate employment or consulting agreements in connection with a particular business opportunity, and a particular
business opportunity may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them
to receive compensation following a transaction and, as a result, may cause them to have conflicts of interest in determining whether
a particular business opportunity is the most advantageous.

Our
key personnel may be able to remain with our company post-transaction only if they are able to negotiate employment or consulting agreements.
Such negotiations would take place simultaneously with the negotiation of the transaction and could provide for such individuals to receive
compensation in the form of cash payments and/or our securities for services they would render to us with respect to such business opportunity.
Such negotiations also could make such key personnel’s retention or resignation a condition to a transaction. The personal and
financial interests of