Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 161

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 161
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organizations, recapitalizations and the like and subject to adjustment as described below) for any 20 trading days within a 30-trading day period ending on the third business day prior to the notice of redemption to the warrant holders; and 

    ●
    If, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying the warrants.

If the Company calls the Public Warrants for redemption,
management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,”
as described in the warrant agreement.

The exercise price and number of shares of common
stock issuable upon exercise of the warrants may be adjusted in certain circumstances, including in the event of a stock dividend, or
recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of common stock at
a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. The Company
liquidated the funds held in the Trust Account; holders of warrants did not receive any of such funds with respect to their warrants,
nor did they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants.
Accordingly, the warrants may expire worthless.

The Private Warrants will be identical to the
Public Warrants underlying the Units sold in the Initial Public Offering, subject to certain limited exceptions. Additionally, the Private
Warrants will be exercisable for cash or on a cashless basis, at the holder’s option, and be non-redeemable so long as they are
held by the initial purchasers or their permitted transferees. If the Private Warrants are held by someone other than the initial purchaser
or its permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis
as the Public Warrants.

The below table outlines our capital structure
as of December 31, 2024 and 2023:

     Share Class      Shares Outstanding   Registered*  Class A common (fka Class C common)   0.10%   96   Restricted**  Class A common (fka Class C common)   73.07%   73,073   Total Class A Common Shares      73.17%   73,169