Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 290

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 290
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    $         — 

    Derivative Warrant Liabilities – Private Placement Warrants 
    $1,230  
    $—  
    $1,230  
    $— 

    Description 
    December 31, 2023  
    Quoted Prices in Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Liabilities: 

    Derivative Warrant Liabilities – Public Warrants 
    $1,750  
    $       —  
    $1,750  
    $       — 

    Derivative Warrant Liabilities – Private Placement Warrants 
    $1,230  
    $—  
    $1,230  
    $— 

 The fair value of the Company’s Public Warrants
at December 31, 2024 and 2023, is based on observable inputs. As of December 31, 2024 and 2023, the measurement of the Private Warrants
is classified as Level 2 due to the use of an observable market quote for a similar asset.

The aforementioned warrant liabilities are not
subject to qualified hedge accounting.

Transfers to/from Levels 1, 2 and 3 are recognized at the end of the
reporting period in which a change in valuation technique or methodology occurs.

F-16

PMV CONSUMER ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

 The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

 The CDOM assesses performance for the single segment
and decides how to allocate resources based on net