Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 48

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 48
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 they are not exercisable within 60 days of the date hereof.

    Amount and  
    Approximate 

    Nature of  
    Percentage of 

    Beneficial  
    Outstanding 
  
    Name and Address of Beneficial Owner(1) 
    Ownership  
    Shares 
  
    PMV Consumer Acquisition Holding Company, LLC 
     100,000(2) 
     100%
  
    PMV Consumer Delaware Management Partners, LLC 
     100,000(2) 
     100%
  
    All directors and executive officers as a group (nine individuals) 
     100,000(3) 
     100%

    (1)
    Unless otherwise indicated, the business address of each of the individuals is 249 Royal Palm Way, Suite 503, Palm Beach, FL 33480.

    (2)
    Interests shown consist of shares of Class A common stock and Class B convertible common stock. Represents shares held by our Sponsor, of which PMVC Delaware Management Partners, LLC is the manager. PMVC Delaware Management Partners, LLC is managed by a management board consisting of Marc Gabelli, Robert LaPenta, Jr., Nathan G. Miller, P. Kasper Jakobsen and Gabelli Investment Partners International LLC, with authority to approve actions of our Sponsor. Each management board member has one vote, and the approval of three of the five board members is required for approval of an action of the Sponsor. Under the so-called “rule of three”, if voting and dispositive decisions regarding an entity’s securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity’s securities. Based on the foregoing, no individual management board member exercises voting or dipositive control over any of the securities held by our Sponsor, even those in which he directly owns a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such securities.

    (3)
    Certain of our officers and directors, including all of our executive officers, and entities associated with them, hold equity interests in our Sponsor.

Equity Compensation
Plans

As of December 31, 2024 and 2023, we had no compensation
plans (including individual compensation arrangements) under which equity securities of the registrant were authorized for issuance.

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ITEM 13. CERTAIN RELATIONSH