Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 339

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 1A
Chunk 339
---
 has been given authority to provide regulations and other guidance to carry out, and prevent the abuse or avoidance of, the
excise tax. The IRA applies only to repurchases that occur after December 31, 2022.

Therefore, any redemption or other repurchase
that occurs after December 31, 2022, may be subject to the excise tax. Whether and to what extent we would be subject to the excise tax
would depend on a number of factors, including (i) the fair market value of the redemptions and, (ii) the nature and amount of the equity,
and (iii) the content of regulations and other guidance from the U.S. Department of the Treasury. In addition, because the excise tax
would be payable by the Company, and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been
determined. The foregoing could cause a reduction in the cash available on hand to identify a potential business opportunity and/or complete
a transaction.

We filed a Form 25 with the SEC which became
effective October 21, 2022, to voluntarily delist our common stock and public warrants from the NYSE and our securities are now available
for limited quotation in the over-the-counter market and it is expected that any trading will be limited and sporadic.

Our delisting from the NYSE took effect on October
21, 2022; initially our shares of common stock and public warrants were trading on the NYSE and thereafter became eligible for quotation
on the Pink tier of OTC Markets Group, if market makers commit to making a market in the securities. We can provide no assurance that
trading in our securities will continue on the OTC Markets Group or otherwise. As a result of the delisting, we could face significant
material adverse consequences, including:

    ●
    a limited availability of market quotations for our securities;

    ●
    reduced liquidity with respect to our securities;

    ●
    a determination that our shares of common stock are “penny stock”, which will require brokers trading in our shares of common stock to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary trading market for our shares of common stock;

35

    ●
    a limited amount of news and analyst coverage for our company; and

    ●
    a decreased ability to issue additional securities or obtain additional financing in the future.

Currently our securities are not eligible for
propri