Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 91

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 settle the warrants. The Company
liquidated the funds held in the Trust Account; holders of warrants did not receive any of such funds with respect to their warrants,
nor did they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants.
Accordingly, the warrants may expire worthless.

The Private Warrants will be identical to the
Public Warrants underlying the Units sold in the Initial Public Offering, subject to certain limited exceptions. Additionally, the Private
Warrants will be exercisable for cash or on a cashless basis, at the holder’s option, and be non-redeemable so long as they are
held by the initial purchasers or their permitted transferees. If the Private Warrants are held by someone other than the initial purchaser
or its permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis
as the Public Warrants.

13

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 5. STOCKHOLDER’S EQUITY (CONT.)

The below table outlines the Company’s capital
structure as of June 30, 2025 and December 31, 2024:

     Share Class      Shares Outstanding   Registered*  Class A common (fka Class C common)   0.10%   96   Restricted**  Class A common (fka Class C common)   73.07%   73,073   Total Class A Common Shares      73.17%   73,169                   Restricted**  Class A convertible common   —%   —   Restricted**  Class B convertible common   26.83%   26,831   Total Outstanding Shares      100.00%   100,000  

*Registered
shares are not listed, and thus not freely tradeable.

**Restricted
shares are unregistered and not freely tradable and subject to individual legends and restrictions.

NOTE 6. INCOME TAX

The Company’s net deferred tax assets at
June 30, 2025 and December 31, 2024, are as follows: 

    Deferred tax asset 
    June