Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 76

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 76
---
 Following these redemptions, the Company had 2,046,609 shares of Class A convertible common stock outstanding and
the aggregate amount remaining in the Trust Account at the time was $20,511,170.

On October 17, 2022, the Sponsor elected to convert
3,000,000 shares of its Class B convertible common stock into 3,000,000 shares of Class A convertible common stock. Following the conversion,
the Sponsor owned 1,175,000 shares of Class B convertible common stock, and the Company had 5,046,609 shares of Class A convertible common
stock outstanding.

On October 24, 2022, the Company’s Class
A convertible common stock, redeemable warrants and units (consisting of one share of Class A convertible common stock and one-half of
one redeemable warrant) (collectively, the “Securities”) commenced trading on the OTC Pink; the Company previously announced
its intention to voluntarily delist the Securities from the New York Stock Exchange (“NYSE”), and that the last day of trading
on the NYSE would be October 21, 2022.

On December 14, 2022, any unseparated units of
the Company (consisting of one share of Class A convertible common stock and one-half of one redeemable warrant) terminated trading and
were subsequently separated.

6

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS
OPERATIONS (CONT.)

On December 27, 2022, the Company announced
the completion of the redemption of its outstanding shares of Class A convertible common stock subject to redemption, totaling
2,046,609 shares issued in its IPO (the “Class A IPO Shares”), in accordance with the provision of its charter. Holders
representing a total of 2,042,409 shares of the Class A IPO Shares called for redemption elected to receive a pro rata share of the
cash, including the interest earned thereon net of interest that may be used by the Company to pay its taxes payable (and not any
stock), held in the Company’s Trust Account. The $10.10 per share pro rata amount was calculated by dividing the number of
Class A IPO Shares redeemed from each such holder by the total number of outstanding Class A IPO Shares. Hold