Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 90

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 incurred fees for these services of $30,000 and $30,000, respectively. For the nine months ended September 30,
2025 and 2024, the Company incurred fees for these services $90,000 and $90,000, respectively. Administrative support fees included in
accounts payable – related party in the accompanying condensed balance sheets at September 30, 2025 and December 31,
2024, were $602,000 and $512,000, respectively.

Cash
and Cash Equivalents

At
September 30, 2025 and December 31, 2024, the Company invested $1,072,897 and $1,083,831, respectively, in the Gabelli U.S. Treasury
Money Market Fund, an affiliated entity, which is recorded in cash and cash equivalents on the condensed balance sheets. The Gabelli
U.S. Treasury Money Market Fund is an open-ended money market fund with published daily net asset values (“NAV”), in which
case the Company uses NAV as a practical expedient to fair value. The NAV on this investment is held constant at $1.00 per unit.

NOTE
4. COMMITMENTS AND CONTINGENCIES

Risks
and Uncertainties

In light of the ongoing market uncertainty caused
by global trade and geopolitical conflicts and their impact on the global economy and markets, we could experience higher volatility which
could adversely affect the Company’s search for a business opportunity and any target business with which the Company may ultimately
consummate a business opportunity.

12

PMV
CONSUMER ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

NOTE
5. STOCKHOLDER’S EQUITY

Preferred
Stock — At inception, the Company was authorized to issue 1,000,000 shares of preferred stock with a par value of
$0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of
directors. On September 21, 2022, the Company amended the Certificate of Incorporation to authorize 20,000,000 shares of preferred stock
with a par value of $0.0001. On April 30, 2024, the Company amended the Certificate of Incorporation to authorize 460,000 shares of preferred
stock with a par value of $0.0001. At September