Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 96

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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    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  
    $—  
    $1,230  
    $— 

15

PMV
CONSUMER ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

NOTE
7. FAIR VALUE MEASUREMENTS (CONT.)

The
fair value of the Company’s Public Warrants at September 30, 2025 and December 31, 2024, is based on observable inputs. As of September
30, 2025 and December 31, 2024, the measurement of the Private Warrants is classified as Level 2 due to the use of an observable market
quote for a similar asset in an active market.

The
aforementioned warrant liabilities are not subject to qualified hedge accounting.

Transfers
to/from Levels 1, 2 and 3 are recognized at the end of the reporting period in which a change in valuation technique or methodology occurs.
There were no transfers during the nine months ended September 30, 2025 or the year ended December 31, 2024.

NOTE
8. SEGMENT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information
about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components
of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating
decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Executive Officer, who reviews the
operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly,
management has determined that the Company only has one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net loss that also is reported on
the condensed statements of