Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 32

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 the definition of being a controlled company. We may in the future elect
to take advantage of the controlled company standards, pursuant to which we would be exempt from various corporate governance requirements,
such as the requirement to have a majority of independent directors and to have nominating/corporate governance and compensation committees
comprised entirely of independent directors.

21

Because of our limited resources and the
significant competition for business opportunities, it may be more difficult for us to complete a transaction and our warrants may expire
worthless.

We expect to encounter intense competition from
other entities having a business objective similar to ours, including private investors (which may be individuals or investment partnerships),
blank check companies and other entities, domestic and international, competing for the types of business opportunities we intend to pursue.
Many of these individuals and entities are well-established and have extensive experience in identifying and effecting, directly
or indirectly, such business opportunities and/or operating in or providing services to various industries. Many of these competitors
possess greater technical, human and other resources or more industry knowledge than we do and our financial resources will be relatively
limited when contrasted with those of many of these competitors. While we believe there are numerous business opportunities we could potentially
pursue, our ability to compete for such business opportunities will be limited by our available financial resources. This inherent competitive
limitation gives others an advantage in pursuing the acquisition of certain business opportunities.

Holders of Class A common stock (fka Class
C common stock) will not be entitled to vote on any election of directors we hold.

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. Accordingly,
you may not have any say in the management of our company.

Holders of Class B common stock will be
entitled to ten (10) votes for each such share.

Holders of Class B common stock will be entitled
to ten (10) votes for each such share 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 held. Accordingly,
holders of Founder Shares may exert an outsized influence on each matter properly submitted to the stockholders on which holders of the
common stock are entitled to vote.

Because we are neither limited to evaluating
a business opportunity in a