Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 250

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 4
Chunk 250
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 conflicts of interest.

In
light of the involvement of our Sponsor, executive officers and directors with other entities, we may decide to effect one or more business
opportunities that are affiliated with our Sponsor, executive officers, directors or existing holders. Our directors also serve as officers
and board members for other entities. Such entities may compete with us for business opportunities. Our Sponsor, officers and directors
are not currently aware of any specific business opportunities involving any entities with which they are affiliated, and there have
been no substantive discussions concerning a business opportunity with any such entity or entities. Although we will not be specifically
focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that such
affiliated entity met our criteria for a business opportunity, and such transaction was approved by a majority of our independent and
disinterested directors. Despite our agreement to obtain an opinion regarding the fairness to our company from a financial point of view
of a business opportunity with one or more businesses affiliated with our Sponsor, executive officers, directors or existing holders,
potential conflicts of interest still may exist and, as a result, the terms of the business opportunity may not be as advantageous to
our public stockholders as they would be absent any conflicts of interest.

26

We
may issue notes or other debt securities, or otherwise incur substantial debt, to effect a business opportunity, which may adversely
affect our leverage and financial condition and thus negatively impact the value of our stockholder’s investment in us.

Although
we have no current commitments to issue any notes or other debt securities, or to otherwise incur outstanding debt, we may choose to
incur substantial debt to effect a business opportunity. The incurrence of debt could have a variety of negative effects, including:

    ➤
    default
    and foreclosure on our assets if our operating revenues are insufficient to repay our debt obligations;

    ➤
    acceleration
    of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants
    that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;

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

    ➤
    our
    inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such
    financing while the debt security is outstanding;