Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 347

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 347
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 CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024

Common Stock — At inception,
the authorized common stock of the Company included up to 75,000,000 shares of Class A convertible common stock and 10,000,000 shares
of Class B convertible common stock. On September 21, 2022, the Company amended the Certificate of Incorporation to authorize 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. On November 1, 2023, the Company amended the Certificate of Incorporation to
authorize 25,000,000 shares of Class A common stock (fka Class C common stock) and 10,000,000 shares of Class B convertible common stock.
On November 2, 2023, the Company amended the Certificate of Incorporation to eliminate any and all authorized shares of Class A convertible
common stock. On April 30, 2024, the Company amended the Certificate of Incorporation to authorize 570,000 shares of Class A common stock
(fka Class C common stock) and 230,000 shares of Class B convertible common stock.

At December 31, 2024 and 2023, there were no authorized
shares of Class A convertible common stock, 73,169 shares of Class A common stock (fka Class C common stock) issued and outstanding, and
26,831 shares of Class B convertible common stock issued and outstanding.

Warrants — Public Warrants
may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. No warrants
will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of common stock
issuable upon exercise of the warrants and a current prospectus relating to such shares of common stock.

Once the warrants become exercisable, the Company
may redeem the Public Warrants:

    ● in whole and not in part; 

    ● at a price of $0.01 per warrant; 

    ●
    upon not less than 30 days’ prior written notice of redemption;

    ● if, and only if, the reported last sale price of the Company’s common stock equals or exceeds $18.00 per share (