Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 79

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 is the same as basic loss per common share for the periods presented.

As of March 31, 2025, the Company has two classes
of shares 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 loss of the Company.

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

    For
    the Three Months Ended March 31, 

    2025  
    2024 

    Class
    A common stock (fka Class C common stock)  
    Class
    B 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 
    $(34,619) 
    $(12,695) 
    $(56,620) 
    $(20,763)
  
    Denominator: 

    Basic weighted average shares outstanding 
     73,169  
     26,831  
     73,169  
     26,831 

    Basic net loss per share of common stock 
    $(0.47) 
    $(0.47) 
    $(0.77) 
    $(0.77)

10

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONT.)

Concentration of Credit Risk

Financial instruments that potentially subject
the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal
Deposit Insurance Corporation coverage of $250,000. Any loss incurred, or a lack of access to such funds, could have a significant adverse
impact on the Company’s financial condition, results of operations, and cash flows.

Fair Value of Financial Instruments

Excluding the warrant liability, the fair value