In This Story
PMV Consumer Acquisition Corp. (PMVCD) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing a net loss of $45,555 for the three months ended September 30, 2024, compared to a net loss of $67,262 for the same period in 2023.
General and administrative expenses for the quarter were $50,395, with franchise tax expenses totaling $8,000. Interest income amounted to $14,480.
As of September 30, 2024, the company reported cash and cash equivalents of $1,130,295, with total assets amounting to $1,150,084.
Current liabilities were reported at $677,278, with accrued expenses and accounts payable to related parties being the primary components.
The company had no revenue from operations, as it is still in the process of identifying a business opportunity for a potential merger or acquisition.
PMV Consumer Acquisition Corp. is classified as a shell company and an emerging growth company, and it is subject to the associated risks and uncertainties.
The company has not commenced any operations and is focused on identifying potential business opportunities in the consumer products industry.
As of the filing date, there were 73,169 shares of Class A common stock and 26,831 shares of Class B convertible common stock issued and outstanding.
The filing also details various accounting policies, including the treatment of warrants as liabilities and the impact of recent accounting pronouncements.
PMV Consumer Acquisition Corp. continues to evaluate potential business opportunities and may require additional financing to complete a transaction.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the PMV Consumer Acquisition Corp. Class A quarterly 10-Q report dated November 8, 2024. To report an error, please email earnings@qz.com.