PMV Consumer Acquisition Corp. (PMVC): auditor change — PMV Consumer Acquisition Corp restates Q3 2022 financials due to accounting error on deferred underwriter commissions

PMV Consumer Acquisition Corp.

Restating financial statements for three and nine months ended Sept 30, 2022; previously reported non-operating gain should have been credited to stockholders' deficit.
Material weakness in internal control over financial reporting and ineffective disclosure controls identified.
No impact on liquidity, cash flows, or operating expenses; only classification change.
Underwriter waived portion of deferred commission in August 2022; company initially recorded extinguishment gain in operations.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

PMV Consumer Acquisition Corp. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

ovember 14, 2022 (the “Original Filing”) should no longer be relied upon and that it is appropriate to restate certain financial information included within the Original Filing.

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Source: SEC EDGAR

accession 0001213900-23-024655

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