Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 82

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 $30,000, respectively. Administrative support fees included in accounts payable – related party in the accompanying
condensed balance sheets at March 31, 2025 (unaudited) and December 31, 2024, were $542,000 and $512,000, respectively.

Cash and Cash Equivalents

 At March 31, 2025 and December 31, 2024, the Company
invested $1,094,701 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

United States and global markets are experiencing
volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and the Israel-Hamas
conflict. In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”) deployed additional
military forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries have announced various
sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal of certain financial
institutions from the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) payment system. Certain countries,
including the United States, have also provided and may continue to provide military aid or other assistance to Ukraine and to Israel,
increasing geopolitical tensions among a number of nations. The invasion of Ukraine by Russia and the escalation of the Israel-Hamas conflict
and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the United Kingdom, the
European Union, Israel and its neighboring states and other countries have created global security concerns that could have a lasting
impact on regional and global economies. Although the length and impact of the ongoing conflicts are highly unpredictable, they could
lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply chain
interruptions and increased cyber-attacks against U.S. companies. Additionally, any resulting sanctions could adversely affect the global