Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 125

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 Investment Company Act, our activities may be restricted, including:

    ●
    restrictions on the nature of our investments; and

    ●
    restrictions on the issuance of securities, each of which may make it difficult for us to identify a potential business opportunity and/or negotiate and complete a transaction.

34

In addition, we may have
imposed upon us burdensome requirements, including:

    ●
    registration as an investment company;

    ●
    adoption of a specific form of corporate structure; and

    ●
    independence, reporting, record keeping, voting, proxy and disclosure requirements and other rules and regulations.

In order not to be regulated
as an investment company under the Investment Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged
primarily in a business other than investing, reinvesting or trading in securities for purposes of Section (3)(a)(1)(A) thereof and that
our activities do not include investing, reinvesting, owning, holding or trading “investment securities” constituting more
than 40% of our total assets (exclusive of U.S. government securities and cash items) on an unconsolidated basis for purposes of Section
(3)(a)(1)(C) thereof. Our business is to identify a potential business opportunity and complete a transaction.

We do not believe that
our principal ongoing activities centered on identifying a potential business opportunity and completing a transaction will subject us
to the Investment Company Act under the definition of “investment company” contained in Section (3)(a)(1)(A) thereof. By having
a business plan targeted at identifying a potential business opportunity and completing a transaction, we intend to avoid being deemed
an “investment company” within the meaning of the Investment Company Act.

However, we are aware of litigation against certain
entities asserting that, notwithstanding the foregoing, those entities should be considered investment companies and the SEC has suggested
that the extended period of investment of assets by similar such entities raise questions about their status as investment companies under
Section 3(a)(1)(A) of the Investment Company Act.

A new 1% U.S. federal excise tax could be
imposed on the Company in connection with redemptions.

On August 16, 2022, the Inflation Reduction Act
of 2022 (the “IRA”) was signed into federal law. The IRA provides for, among other things, a new U.S. federal 1% excise tax