Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 464

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 464
---
 that participate in earnings, which are referred to as Class A common stock (fka Class C common stock) and Class B convertible
common stock (the “Founder Shares”). Earnings and losses are shared pro-rata between the two classes of shares. This presentation
contemplates a transaction as the most likely outcome, in which case, all two classes of shares share pro rata in the income (loss) of
the Company.

As of December 31, 2023, the Company had three
classes of shares that participated in earnings, which are referred to as Class A convertible common stock (the “Common Stock”),
Class B convertible common stock (the “Founder Shares”), and Class C common stock. Earnings and losses are shared pro-rata
between the three classes of shares. This presentation contemplates a transaction as the most likely outcome, in which case, all three
classes of shares share pro rata in the income (loss) of the Company. Accretion associated with the redeemable shares of Class A common
stock is excluded from earnings as the redemption value approximates fair value.

The following tables reflect the calculation of
basic and diluted net loss per share of common stock (in dollars, except share amounts):

    For the Years Ended December 31, 

    2024  
    2023 

    Class A convertible  common stock  
    Class A common stock  (fka Class C common stock)  
    Class B convertible  common stock  
    Class A convertible  common stock  
    Class A common stock  (fka Class C common stock)  
    Class B convertible  common stock 
  
    Basic net loss per share of common stock 

    Numerator: 

    Allocation of net loss 
    $—  
    $(114,421) 
    $(41,959) 
    $(61,871) 
    $(17,254) 
    $(29,016)
  
    Denominator: 

    Basic weighted average shares outstanding 
     —  
     73,169  
     26,831  
     57,214  
     15,955  
     26,831 

    Basic net loss per share of common stock 
    $—  
    $(1.56) 
    $(1.56) 
    $(1.08) 
    $(1.08) 
    $(1.08)