FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026

Press release · 2d ago

PMV Consumer Acquisition Corp. filed its Form 10-Q for the quarter ended June 30, 2026, reporting a net loss of $1.4 million. The company had a cash balance of $14.3 million and total assets of $15.3 million as of June 30, 2026. The company’s Class A common stock and warrants were listed on the OTC Markets Group’s OTCQX Best Market under the ticker symbols PMVC and PMVC.WS, respectively. The company did not have any revenue for the quarter, and its expenses primarily consisted of general and administrative expenses. The company’s management’s discussion and analysis of financial condition and results of operations highlights the company’s focus on identifying and acquiring a target business in the consumer products industry.

Overview

The report provides an overview of a shell company formed in 2020 for the purpose of identifying and completing a business combination with another entity. The company has not engaged in any operations or generated any revenue to date, and its activities have been limited to organizational tasks and searching for a suitable business opportunity.

Results of Operations

The company has reported net losses for the three and six-month periods ended June 30, 2026, and June 30, 2025. These losses are primarily due to general and administrative expenses, franchise tax expenses, and income tax provisions, offset by interest income. The company does not expect to generate any operating revenue until after completing a business combination.

Liquidity and Capital Resources

As of June 30, 2026, the company had $1,051,920 in cash and cash equivalents, which it intends to use to identify, evaluate, and complete a business combination. The company may need to obtain additional financing to complete a transaction or meet its obligations following a transaction if the cash on hand is insufficient.

The company has not incurred any long-term debt, capital lease obligations, or long-term liabilities, other than an agreement to pay a monthly fee to an affiliate of the Sponsor for office space, utilities, and administrative support.

The company has derecognized the entire deferred underwriting fee payable of $6,125,000 due to the completion of the redemption of its outstanding shares of Class A convertible common stock and the termination of the IPO Trust Account.

Critical Accounting Policies and Estimates

The company has identified the accounting for derivative warrant liabilities as a critical accounting policy and estimate. The warrants issued in connection with the IPO do not meet the criteria for equity treatment and must be recorded as liabilities, which are subject to re-measurement at each balance sheet date. Changes in the fair value of these liabilities can have a significant impact on the company’s results of operations.