Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 276

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 276
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 any and all authorized
shares of Class A convertible common stock,  the renaming of the Class C common stock to Class A common Stock (the “Reclassification”),
and the elimination of any and all authorized shares of Special common stock, (ii) the modification of the rights of the Class B convertible
common stock such that (a) the provisions permitting conversion into shares of Class C common stock were deleted and (b) each holder of
record shall be entitled to ten (10) votes for each share of Class B convertible common stock held, (iii) the deletion of certain provisions
of Article SIXTH of the Charter, including with respect to any references to a business combination and/or the Company’s IPO Trust
Account, as such provisions were previously extinguished in accordance with the terms and conditions of the Charter and were therefore
of no further legal force and effect, and (iv) the deletion of certain provisions of Article SIXTH of the Charter, including the requirement
that the Board be divided into staggered classes for election.  On November 2, 2023, the Company filed a Second Amended and Restated
Certificate of Incorporation, dated November 1, 2023, with the State of Delaware.

Also, the Board recommended, and the stockholders
approved on September 29, 2023, an amendment to the Bylaws of the Company (the “Bylaws”) to provide that, subject to applicable
law, any action that is required or permitted to be taken by the stockholders of the Company at any annual or special meeting of stockholders
may be effected by written consent of stockholders in lieu of a meeting.  On November 2, 2023, the Company filed the Amended and
Restated Bylaws with the State of Delaware.

On March 12, 2024 (the “Effective Date”),
the Reverse Stock Split was declared effective. As a result of the Reclassification and the Reverse Stock Split, approximately 26,831
shares of Class B convertible common stock are in issue and outstanding and approximately 73,169 shares of Class A common stock are in
issue and outstanding as of the Effective Date. Accordingly, earnings per share reported for prior periods in the financial statements
have been restated to reflect the retroactive effect of the reverse stock split.

F-8

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