Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 78

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 holders. Following these redemptions, the Company had 2,046,609 shares
of Class A convertible common stock outstanding and the aggregate amount remaining in the Trust Account at the time was $20,511,170.

On
October 17, 2022, the Sponsor elected to convert 3,000,000 shares of its Class B convertible common stock into 3,000,000 shares of Class
A convertible common stock. Following the conversion, the Sponsor owned 1,175,000 shares of Class B convertible common stock, and the
Company had 5,046,609 shares of Class A convertible common stock outstanding.

On
October 24, 2022, the Company’s Class A convertible common stock, redeemable warrants and units (consisting of one share of Class
A convertible common stock and one-half of one redeemable warrant) (collectively, the “Securities”) commenced trading on
the OTC Pink; the Company previously announced its intention to voluntarily delist the Securities from the New York Stock Exchange (“NYSE”),
and that the last day of trading on the NYSE would be October 21, 2022.

On
December 14, 2022, any unseparated units of the Company (consisting of one share of Class A convertible common stock and one-half of
one redeemable warrant) terminated trading and were subsequently separated.

6

PMV
CONSUMER ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

NOTE
1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (CONT.)

On
December 27, 2022, the Company announced the completion of the redemption of its outstanding shares of Class A convertible common stock
subject to redemption, totaling 2,046,609 shares issued in its IPO (the “Class A IPO Shares”), in accordance with the provision
of its charter. Holders representing a total of 2,042,409 shares of the Class A IPO Shares called for redemption elected to receive a
pro rata share of the cash, including the interest earned thereon net of interest that may be used by the Company to pay its taxes payable
(and not any stock), held in the Company’s Trust Account. The $10.10 per share pro rata amount was calculated by dividing the number
of Class A IPO Shares redeemed from each such holder by the total number of outstanding Class