Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 77

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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,000 shares of Class B convertible common stock, 25,000,000 shares of
Class C common stock and 20,000,000 shares of Special common stock, and 20,000,000 shall be shares of preferred stock; to permit the
Company’s board of directors to create Special common stock in one or more series and to fix for each series the voting powers,
designations, preferences, rights, qualifications, limitations and restrictions thereof; to provide for (i) the right of a holder of
Class A convertible common stock to convert into Class C common stock on a one-for-one basis, (ii) the right of the Company to redeem
Class A convertible common stock in exchange for a pro rata share of the net cash (and not stock) held in the Company’s Trust Account,
unless the holder elects to receive Class C common stock issued on a one-for-one basis, plus a pro rata share of any stock held in the
Trust Account, and (iii) upon such redemption the extinguishment of the legal force and effect of the business combination and Trust
Account provisions contained in paragraphs A through I of Article Sixth of the charter; to (i) eliminate the Class B convertible common
stock anti-dilution provisions that require adjustment to maintain the specified 20% class ownership, and (ii) provide for the right
of a holder of Class B convertible common stock to convert into Class C common stock on a one-for-one basis. All such amendments were
approved at the Meeting. On September 27, 2022, the Sponsor (the “Sponsor”) contributed to the Company for purposes of making
a deposit into the Company’s Trust Account of an aggregate of 200,000 shares of Class B convertible common stock (to be converted
into Class C common stock) to extend the date by which the Company has to consummate a business combination for one year, from September
21, 2022 to September 21, 2023.

At
the Meeting, in connection with the extension, stockholders holding 15,453,391 shares of Class A convertible common stock exercised their
right to redeem such shares for a pro rata portion of the funds in the Trust Account. As a result, $154,874,303 (approximately $10.02
per share), which included $340,393 of interest earned on the Trust Account which was not previously used to pay the Company’s
tax obligation, was removed from the Trust Account to pay such