Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 98

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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cur significant indebtedness, it could result in:

    ●
    default and foreclosure on our assets if our operating revenues after a transaction are insufficient to pay our debt obligations;

    ●
    acceleration of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt security contains covenants that required the maintenance of certain financial ratios or reserves and we breach any such covenant without a waiver or renegotiation of that covenant;

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    ●
    our immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand; and

    ●
    our inability to obtain additional financing, if necessary, if the debt security contains covenants restricting our ability to obtain additional financing while such security is outstanding.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities through June 30, 2025, were organizational activities, those necessary to prepare
for the IPO, described below, and searching for a business opportunity with which to complete a transaction. We do not expect to generate
any operating revenues until after the completion of a transaction. We generate non-operating income in the form of interest income on
marketable securities held. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing
compliance), as well as for due diligence expenses.

For the three and six months ended June 30, 2025,
we had a net loss of $33,354 and $80,668, respectively, which consists of interest income of $11,443 and $22,313, respectively, offset
by general and administrative expenses of $41,207 and $95,921, respectively, franchise tax expense of $1,500 and $3,000, respectively,
and provision for income taxes of $2,090 and $4,060, respectively.

For the three and six months ended June 30, 2024,
we had a net loss of $28,356 and $105,739, respectively, which consists of interest income of $14,396 and $27,595, respectively, offset
by general and administrative expenses of $42,920 and $97,697, respectively, franchise tax expense of $10,000 and $15,286, respectively,
and provision for income taxes of $(10,168) and $20,351, respectively.

Liquidity and Capital Resources

To the extent that our