Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 101

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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57,665. Net loss of $151,294 was affected by net
increase of changes in operating assets and liabilities of $208,959.

In
order to fund working capital deficiencies or finance transaction costs in connection with a business opportunity, the Sponsor, or certain
of our officers and directors or their affiliates may, but are not obligated to, loan us funds as may be required. If we complete a transaction,
we would repay such loaned amounts. In the event that a transaction does not close, we may use a portion of the working capital to repay
such loaned amounts. Up to $1,500,000 of such loans may be convertible into warrants identical to the Private Warrants, at a price of
$1.00 per warrant, at the option of the lender.

We
do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business. However,
if our estimate of the costs of identifying a business opportunity, undertaking in-depth due diligence and negotiating a transaction
are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to a transaction.
Moreover, we may need to obtain additional financing to complete a transaction, in which case we may issue additional equity securities
or incur debt in connection with such transaction. In addition, following a transaction, if cash on hand is insufficient, we may need
to obtain additional financing in order to meet our obligations.

18

Off-Balance
Sheet Arrangements

We
did not have any off-balance sheet arrangements as of September 30, 2025.

Contractual
Obligations

We
do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement
to pay an affiliate of the Sponsor a monthly fee of $10,000 for office space, utilities and secretarial and administrative support. We
began incurring these fees on September 24, 2020, and will continue to incur these fees monthly for the foreseeable future.

On
August 22, 2022, UBS agreed to waive its entitlement to the deferred underwriting commission of $4,593,750 to which it became entitled
upon completion of the Company’s Initial Public Offering, subject to the consummation of a transaction. Thereafter, on December
27, 2022, in accordance with the provisions of its charter, the Company announced the completion of the redemption of its outstanding
shares