PMV Consumer Acquisition shareholders approve extension to Sept 2023; ~$155M redeemed

PMV Consumer Acquisition Corp.

Stockholders approved extension of business combination deadline from Sept 2022 to Sept 2023, contingent on sponsor depositing 200,000 shares.
Holders of 15,453,391 Class A shares redeemed at ~$10.02 per share, removing ~$154.9M from trust.
Post-redemption, trust contains ~$20.5M with 2,046,609 Class A shares outstanding.
Sponsor to contribute 200,000 Class B shares (converted to Class C) to trust; sponsor owns 67.1% of Class A on conversion.
Class B common stock holds ~65% voting power; affiliates hold 25% of Class A voting.

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