Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 7

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 7
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a particular business opportunity is the most advantageous.

Our
key personnel may be able to remain with our company post-transaction only if they are able to negotiate employment or consulting agreements.
Such negotiations would take place simultaneously with the negotiation of the transaction and could provide for such individuals to receive
compensation in the form of cash payments and/or our securities for services they would render to us with respect to such business opportunity.
Such negotiations also could make such key personnel’s retention or resignation a condition to a transaction. The personal and
financial interests of such individuals may influence their motivation in identifying and selecting a business opportunity, subject to
their fiduciary duties under Delaware law.

We
may have a limited ability to assess a prospective business opportunity and, as a result, may identify and effect a business opportunity
whose management may not have the skills, qualifications or abilities to manage a public company, which could, in turn, negatively impact
the value of our stockholder’s investment in us.

When
evaluating the desirability of effecting a business opportunity, our ability to assess management may be limited due to a lack of time,
resources or information. Our assessment of the capabilities of the management team, therefore, may prove to be incorrect and such management
may lack the skills, qualifications or abilities we suspected. Should management not possess the skills, qualifications or abilities
necessary to manage a public company, the operations and profitability of the post-transaction business may be negatively impacted.

4

Our
executive officers and directors will allocate their time to other businesses, thereby causing conflicts of interest in their determination
as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to effect a business
opportunity.

Our
executive officers and directors are not required to, and will not, commit their full time to our affairs, which may result in a conflict
of interest in allocating their time between our operations and our search for a business opportunity and their other businesses. We
do not intend to have any full-time employees prior to the completion of a transaction. Each of our executive officers is engaged
in several other business endeavors for which they may be entitled to substantial compensation, and our executive officers are not obligated
to contribute any specific number of hours per week to our affairs. Our independent directors also serve as officers and board members
for other entities. If our executive officers’ and directors’ other business affairs require them to devote substantial amounts
of time to such affairs in excess of