Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 24

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 income tax rate 
     (13.7)% 
     (17.0)%

NOTE
7. FAIR VALUE MEASUREMENTS

The
fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

    Level 1:
    Quoted
    prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions
    for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level 2:
    Observable
    inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets
    or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable
    inputs based on an assessment of the assumptions that market participants would use in pricing the asset or liability.

The
following tables present information about the Company’s assets that are measured at fair value on a recurring basis at September
30, 2025 and December 31, 2024, and indicate the fair value hierarchy of the valuation inputs the Company utilized to determine such
fair value.

    Description 
    September 30, 2025  
    Quoted Prices in Active
    Markets (Level 1)  
    Significant Other Observable
    Inputs (Level 2)  
    Significant Other Unobservable
    Inputs (Level 3) 
  
    Liabilities: 

    Derivative Warrant Liabilities
    – Public Warrants 
    $1,750  
    $      —  
    $1,750  
    $     — 

    Derivative Warrant Liabilities – Private
    Placement Warrants 
    $1,230  
    $—  
    $1,