Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 21

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 less than 30 days’ prior written notice of redemption;

    ● if, and only if, the reported last sale price of the Company’s common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and subject to adjustment as described below) for any 20 trading days within a 30-trading day period ending on the third business day prior to the notice of redemption to the warrant holders; and 

    ●
    If,
    and only if, there is a current registration statement in effect with respect to the shares of common stock underlying the warrants.

If
the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the
Public Warrants to do so on a “cashless basis,” as described in the warrant agreement.

The
exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances,
including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will
not be adjusted for issuance of common stock at a price below its exercise price. Additionally, in no event will the Company be required
to net cash settle the warrants. The Company liquidated the funds held in the Trust Account; holders of warrants did not receive any
of such funds with respect to their warrants, nor did they receive any distribution from the Company’s assets held outside of the
Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.

The
Private Warrants will be identical to the Public Warrants underlying the Units sold in the Initial Public Offering, subject to certain
limited exceptions. Additionally, the Private Warrants will be exercisable for cash or on a cashless basis, at the holder’s option,
and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Warrants are
held by someone other than the initial purchaser or its permitted transferees, the Private Warrants will be redeemable by the Company
and exercisable by such holders on the same basis as the Public Warrants.

13

PMV
CONSUMER ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

NOTE
5. STOCKHOLDER’S EQUITY (CONT.)

The