Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 80

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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503.61 per share.  In furtherance of any prospective business opportunities,
the Company may in the future seek to pursue a variety of capital raising initiatives.

On April 29, 2024, the Board of Directors of the
Company recommended, and the Company’s sole shareholder approved, an amendment to the Company’s Second Amended and Restated
Certificate of Incorporation (the “Amendment”) to (i) reduce the number of authorized shares of Class A common stock from
25,000,000 shares to 570,000 shares, (ii) reduce the number of authorized shares of Class B common stock from 10,000,000 shares to 230,000
shares, and (iii) reduce the number of authorized shares of preferred stock from 20,000,000 shares to 460,000 shares. The Company filed
the Amendment with the Secretary of State of the State of Delaware on April 30, 2024.

Liquidity and Going Concern

At June 30, 2025, the Company had cash and cash
equivalents of $1,085,485. The Company intends to use these funds primarily to identify and evaluate potential business opportunities,
perform business due diligence on prospective business opportunities, travel to and from the offices, plants or similar locations associated
with prospective business opportunities, review corporate documents and material agreements related to business opportunities, and structure,
negotiate and complete a transaction.

The Company does not believe they will need to
raise additional funds in order to meet the expenditures required for operating the business. However, if the estimate of the costs of
identifying a business opportunity, undertaking in-depth due diligence and negotiating a transaction are less than the actual amount necessary
to do so, the Company may have insufficient funds available to operate the business prior to a transaction. Moreover, the Company may
need to obtain additional financing to complete a transaction, in which case the Company may issue additional equity securities or incur
debt in connection with such transaction. In addition, following a transaction, if cash on hand is insufficient, the Company may need
to obtain additional financing in order to meet its obligations.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation