Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 58

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 58
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 equivalents – Beginning of year 
     1,072,630  
     1,149,157 
  
    Cash and cash equivalents – End of year 
    $1,113,786  
    $1,072,630 

    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $34,105  
    $56,383 

    Non-cash investing and financing activities: 

    Conversion of Class A convertible common stock to Class C common stock 
    $—  
    $7 
  
    Renaming of Class C common stock to Class A common stock 
    $—  
    $7 

The accompanying
notes are an integral part of the financial statements.

F-6

PMV CONSUMER ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024

NOTE 1. DESCRIPTION OF ORGANIZATION AND
BUSINESS OPERATIONS

PMV Consumer Acquisition Corp. (the “Company”)
was incorporated in Delaware on March 18, 2020. The Company was formed for the purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or similar business opportunity with one or more businesses or entities.

Although the Company is not limited to a particular
industry or sector for purposes of identifying a potential business opportunity and consummating a transaction, the Company intends to
focus its search on business opportunities in the consumer products industry. The Company is an early stage and emerging growth company
and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As of December 31, 2024, the Company had not commenced
any operations. All activity through December 31, 2024, relates to the Company’s formation, the initial public offering (“Initial
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