Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 75

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 75
---
the Company may in the future seek to pursue a variety of capital raising initiatives.

On April 29, 2024, the Board of Directors of the
Company recommended, and the Company’s sole shareholder approved, an amendment to the Company’s Second Amended and Restated
Certificate of Incorporation (the “Amendment”) to (i) reduce the number of authorized shares of Class A common stock from
25,000,000 shares to 570,000 shares, (ii) reduce the number of authorized shares of Class B common stock from 10,000,000 shares to 230,000
shares, and (iii) reduce the number of authorized shares of preferred stock from 20,000,000 shares to 460,000 shares. The Company filed
the Amendment with the Secretary of State of the State of Delaware on April 30, 2024.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of
the SEC. Certain information or footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP
have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do
not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash
flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of
a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for
the periods presented.

The accompanying unaudited condensed financial
statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as
filed with the SEC on March 27, 2025, which contains the audited financial statements and notes thereto. The interim results for the three
months ended March 31, 2025, are not necessarily indicative of the results to be expected for the year ending December 31, 2025, or for
any future periods.

Emerging Growth Company

The Company is an “emerging growth company,”
as defined in Section