Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 88

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 Significant Other Unobservable Inputs (Level 3) 
  
    Liabilities: 

    Derivative Warrant Liabilities – Public Warrants 
    $1,750  
    $    —  
    $1,750  
    $    — 

    Derivative Warrant Liabilities – Private Placement Warrants 
    $1,230  
    $—  
    $1,230  
    $— 

    Description 
    December 31, 2024  
    Quoted Prices in Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Liabilities: 

    Derivative Warrant Liabilities – Public Warrants 
    $1,750  
    $     —  
    $1,750  
    $    — 

    Derivative Warrant Liabilities – Private Placement Warrants 
    $1,230  
    $—  
    $1,230  
    $— 

15

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

NOTE 7. FAIR VALUE MEASUREMENTS (CONT.)

The fair value of the Company’s Public Warrants
at March 31, 2025 and December 31, 2024, is based on observable inputs. As of March 31, 2025 and December 31, 2024, the measurement of
the Private Warrants is classified as Level 2 due to the use of an observable market quote for a similar asset in an active market.

The aforementioned warrant liabilities are not
subject to qualified hedge accounting.

Transfers to/from Levels 1, 2 and 3 are recognized
at the end of the reporting period in which a change in valuation technique or methodology occurs.

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

The Company’s chief operating