secwatch / observer
8-K filed May 3, 2024, 7:59 PM ET ticker PMVC CIK 0001807765
other material confidence high sentiment neutral materiality 0.30

PMV Consumer Acquisition reduces authorized shares from 55M to 1.26M via charter amendment

PMV Consumer Acquisition Corp.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PMV Consumer Acquisition Corp.: Reduction in authorized shares of Class A Common Stock from 25,000,000 to 570,000, Class B Common Stock from 10,000,000 to 230,000, and Preferred Stock from 20,000,000 to 460,000 (effective 2024-04-30).

Change
charter amendment
Effective
2024-04-30
Exact text from the filing
On April 30, 2024, PMV Consumer Acquisition Corp., a Delaware company (the “Company”), filed a Certificate of Amendment (the “Amendment”) to the Second Amended and Restated Certificate of Incorporation of the Company (the “Charter”) with the Secretary of State of the State of Delaware to effect a reduction in the total number of shares of all classes of capital stock which the Company has authority to issue.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.7

PMV Consumer Acquisition Corp. shareholders approved Amendment to the Charter to reduce the number of authorized shares of Class A Common Stock, Class B Common Stock, and Preferred Stock.

Proposal
charter amendment
Outcome
passed
Exact text from the filing
The Board of Directors of the Company, having determined it advisable and in the best interests of the Company, recommended, and the Company’s sole shareholder approved, an amendment to the Charter to (i) reduce the number of authorized shares of Class A Common Stock of the Company from 25,000,000 shares to 570,000 shares, (ii) reduce the number of authorized shares of Class B Common Stock of the Company from 10,000,000 shares to 230,000 shares, and (iii) reduce the number of authorized shares of Preferred Stock of the Company from 20,000,000 shares to 460,000 shares.
View on SEC.gov

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PMV Consumer Acquisition Corp. filing history →

Source: SEC EDGAR
accession 0001213900-24-039591
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