Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 5

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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Public Offering”) and simultaneous private sale of warrants (“Private Warrants”), which is described below, and identifying
a potential business opportunity. It is unlikely that the Company will generate any operating revenues until after the completion of a
transaction, at the earliest. The Company generates non-operating income in the form of interest income.

The Company initially had until September 21,
2022, to complete a business combination (the “Combination Period”). On September 21, 2022, the Company held a special meeting
of stockholders (the “Meeting”). The purpose of the Meeting was to approve the following amendments to the Company’s
certificate of incorporation; to extend the date by which the Company had to consummate a business combination for one year, from September
21, 2022 to September 21, 2023, conditioned on the deposit of 200,000 shares of Class B convertible common stock (to be converted into
Class C common stock) into the Company’s Trust Account (the “Trust Account”), to increase authorized stock from 86,000,000
to 120,000,000 shares, of which 100,000,000 shall be shares of common stock, consisting of 45,000,000 shares of Class A convertible common
stock, 10,000,000 shares of Class B convertible common stock, 25,000,000 shares of Class C common stock and 20,000,000 shares of Special
common stock, and 20,000,000 shall be shares of preferred stock; to permit the Company’s board of directors to create Special common
stock in one or more series and to fix for each series the voting powers, designations, preferences, rights, qualifications, limitations
and restrictions thereof; to provide for (i) the right of a holder of Class A convertible common stock to convert into Class C common
stock on a one-for-one basis, (ii) the right of the Company to redeem Class A convertible common stock in exchange for a pro rata share
of the net cash (and not stock) held in the Company’s Trust Account, unless the holder elects to receive Class C common stock issued
on a one-for-one basis, plus a pro rata share of any stock held in the Trust Account, and (iii) upon such redemption the extinguishment
of the legal force and effect of the business combination and Trust Account provisions contained in paragraphs A through I of Article
Sixth of the charter; to (i)