Company: PMVC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107610
Chunk: 265

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 4
Chunk 265
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 mechanics of any required payment
of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to identify a potential
business opportunity and/or complete a transaction.

We
filed a Form 25 with the SEC which became effective October 21, 2022, to voluntarily delist our common stock and public warrants from
the NYSE and our securities are now available for limited quotation in the over-the-counter market and it is expected that any trading
will be limited and sporadic.

Our
delisting from the NYSE took effect on October 21, 2022; initially our shares of common stock and public warrants were trading on the
NYSE and thereafter became eligible for quotation on the Pink tier of OTC Markets Group, if market makers commit to making a market in
the securities. We can provide no assurance that trading in our securities will continue on the OTC Markets Group or otherwise. As a
result of the delisting, we could face significant material adverse consequences, including:

    ●
    a
    limited availability of market quotations for our securities;

    ●
    reduced
    liquidity with respect to our securities;

    ●
    a
    determination that our shares of common stock are “penny stock”, which will require brokers trading in our shares of
    common stock to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary trading
    market for our shares of common stock;

35

    ●
    a
    limited amount of news and analyst coverage for our company; and

    ●
    a
    decreased ability to issue additional securities or obtain additional financing in the future.

Currently
our securities are not eligible for proprietary broker-dealer quotations. All quotes will reflect unsolicited customer orders and, as
a result, we expect any trading to involve a higher risk of wider spreads, increased volatility, and price dislocations and a general
illiquid trading environment. Proprietary broker-dealer quotations may not commence until an initial review by a broker-dealer under
the SEC’s Rule 15c2-11 which would enable brokers to publish competing quotes and provide continuous market making. No assurance
can be provided that a liquid trading market will develop even if market makers begin proprietary quotations and thus we expect investors
will experience difficulty in trading our securities.

The
National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the