Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 5

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 income taxes 
    $14,600  
    $34,000 

The
accompanying notes are an integral part of the unaudited condensed financial statements.

5

PMV
CONSUMER ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

NOTE
1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

PMV
Consumer Acquisition Corp. (the “Company”) was incorporated in Delaware on March 18, 2020. The Company was formed for the
purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business
combination with one or more businesses or entities.

Although
the Company is not limited to a particular industry or sector for purposes of identifying a potential business opportunity and consummating
a transaction, the Company intends to focus its search on business opportunities in the consumer products industry. The Company is an
early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging
growth companies.

As
of September 30, 2025, the Company had not commenced any operations. All activity through September 30, 2025 relates to the Company’s
formation, the initial public offering (“Initial Public Offering”) and simultaneous private sale of warrants (“Private
Warrants”), which is described below, and identifying a potential business opportunity. It is unlikely that the Company will generate
any operating revenues until after the completion of a transaction, at the earliest. The Company generates non-operating income in the
form of interest income.

The
Company initially had until September 21, 2022, to complete a business combination (the “Combination Period”). On September
21, 2022, the Company held a special meeting of stockholders (the “Meeting”). The purpose of the Meeting was to approve the
following amendments to the Company’s certificate of incorporation; to extend the date by which the Company had to consummate a
business combination for one year, from September 21, 2022 to September 21, 2023, conditioned on the deposit of 200,000 shares of Class
B convertible common stock (to be converted into Class C common stock) into the Company’s Trust Account (the “Trust Account”),
to increase authorized stock from 86,000,000 to 120,000,000