Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 45

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 stock held by non-affiliates exceeds $700 million as of the prior September 30th.
To the extent we take advantage of such reduced disclosure obligations, it may also make comparison of our financial statements with other
public companies difficult or impossible.

Compliance obligations under the Sarbanes-Oxley
Act may make it more difficult for us to effect a business opportunity, require substantial financial and management resources, and increase
the time and costs of completing a transaction.

Section 404 of the Sarbanes-Oxley Act requires
that we evaluate and report on our system of internal controls beginning with our Annual Report on Form 10-K. Only in the event we are
deemed to be a large accelerated filer or an accelerated filer and no longer an emerging growth company will we be required to comply
with the independent registered public accounting firm attestation requirement on our internal control over financial reporting. Further,
for as long as we remain an emerging growth company, we will not be required to comply with the independent registered public accounting
firm attestation requirement on our internal control over financial reporting. The development and maintenance of internal control to
achieve compliance with the Sarbanes-Oxley Act may increase the time and costs necessary to effect a business opportunity.

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Provisions in our certificate of incorporation
and bylaws and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future
for our common stock and could entrench management.

Our certificate of incorporation and bylaws contain
provisions that may discourage unsolicited takeover proposals that stockholders may consider to be in their best interests. Holders of
our Founder Shares will be entitled to ten (10) votes for each Founder Share held at any annual or special meeting of stockholders or
in the case of any written consent of stockholders in lieu of a meeting and for all purposes. Holders of our public shares will be entitled
to one vote for each such share. Additionally, only holders of our Founder Shares will have the right to vote on the election of directors.
Holders of our public shares will not be entitled to vote on the election of directors. This may entrench management and discourage unsolicited
stockholder proposals that may be in the best interest of stockholders. Moreover, our board of directors has the ability to designate
the terms of and issue new series of preferred stock.

We are also subject to anti-takeover provisions
under Delaware law