Company: PMVC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075638
Chunk: 316

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 1A
Chunk 316
---
 lack of diversification may negatively impact our operations and profitability.

    ●
    Our warrants are accounted for as liabilities and changes in the value of our warrants could have a material effect on our financial results.

The risk factors set forth below provide more
detailed disclosure of the risks relating to our operations.

21

We are a recently formed company with no
operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.

We are a recently formed company with no operating
results. Because we lack an operating history, you have no basis upon which to evaluate our ability to achieve our business objectives.
We have no plans, arrangements or understandings with respect to any business opportunity and may be unable to complete a transaction.
If we fail to complete a transaction, we may never generate any operating revenues.

If we elect to take advantage of the controlled
company standards, we would be exempt from various corporate governance requirements.

Certain listing rules generally define a “Controlled
Company” as any company of which more than 50% of the voting power for the election of directors is held by an individual, a group
or another company. Only holders of the Founder Shares will have the right to vote on the election of directors. More than 50% of the
Founder Shares are held by our Sponsor. Accordingly, we satisfy the definition of being a controlled company. We may in the future elect
to take advantage of the controlled company standards, pursuant to which we would be exempt from various corporate governance requirements,
such as the requirement to have a majority of independent directors and to have nominating/corporate governance and compensation committees
comprised entirely of independent directors.

Because of our limited resources and the
significant competition for business opportunities, it may be more difficult for us to complete a transaction and our warrants may expire
worthless.

We expect to encounter intense competition from
other entities having a business objective similar to ours, including private investors (which may be individuals or investment partnerships),
blank check companies and other entities, domestic and international, competing for the types of business opportunities we intend to pursue.
Many of these individuals and entities are well-established and have extensive experience in identifying and effecting, directly
or indirectly, such business opportunities and/or operating in or providing services to various industries. Many of these competitors
possess greater technical, human and other resources or more industry knowledge than we do and our financial resources will be relatively
limited when contrasted with those of many of these competitors.