Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 210

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 210
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 (ii) provide for the right of a holder of Class B convertible common stock to convert into Class
C common stock on a one-for-one basis. All such amendments were approved at the Meeting. On September 27, 2022, the Sponsor (the “Sponsor”)
contributed to the Company for purposes of making a deposit into the Company’s Trust Account of an aggregate of 200,000 shares of
Class B convertible common stock (to be converted into Class C common stock) to extend the date by which the Company had to consummate
a business combination for one year, from September 21, 2022 to September 21, 2023.

At the Meeting, in connection with the extension,
stockholders holding 15,453,391 shares of Class A convertible common stock exercised their right to redeem such shares for a pro rata
portion of the funds in the Trust Account. As a result, $154,874,303 (approximately $10.02 per share), which included $340,393 of interest
earned on the Trust Account which was not previously used to pay the Company’s tax obligation, was removed from the Trust Account
to pay such holders. Following these redemptions, the Company had 2,046,609 shares of Class A convertible common stock outstanding and
the aggregate amount remaining in the Trust Account at the time was $20,511,170.

On October 17, 2022, the Sponsor elected to convert
3,000,000 shares of its Class B convertible common stock into 3,000,000 shares of Class A convertible common stock. Following the conversion,
the Sponsor owned 1,175,000 shares of Class B convertible common stock, and the Company had 5,046,609 shares of Class A convertible common
stock outstanding.

On October 24, 2022, the Company’s Class
A convertible common stock, redeemable warrants and units (consisting of one share of Class A convertible common stock and one-half of
one redeemable warrant) (collectively, the “Securities”) commenced trading on the OTC Pink; the Company previously announced
its intention to voluntarily delist the Securities from the New York Stock Exchange (“NYSE”), and that the last day of trading
on the NYSE would be October 21, 2022.

On December 14, 2022, any unseparated units of
the Company (consisting of one share of Class A convertible common stock and one-half