other material
confidence high
sentiment neutral
materiality 0.80
PMV Consumer Acquisition Corp. redeems all 2.05M IPO Class A shares at ~$10.09/share
PMV Consumer Acquisition Corp.
- Redemption covers 2,046,609 Class A shares; per-share cash amount ~$10.09.
- Trust account balance ~$20.66M; ~$20.64M available for redemption after tax reserve.
- Holders may elect cash or receive Class C common stock (unlisted, illiquid) plus pro rata of 200,000 Class C shares from trust.
- Sponsor's 3,000,000 Class A shares excluded from redemption.
- Company to file Form 15 to deregister and continue as blank check shell quoted on OTC Pink.