PMV Consumer Acquisition Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
PMVC$9.77+0.2%Stored close · as of Oct 20, 2022
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| For the Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $(108,141) | $8,622,353 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest earned on marketable securities held in Trust Account | — | (1,161,232) |
| Change in fair value of derivative warrant liabilities | (146,020) | (9,388,845) |
| Loss on Class B shares transferred into Trust Account | — | 990,000 |
| Forgiveness of deferred underwriting payable | — | (309,312) |
| Changes in operating assets and liabilities | ||
| Other receivable | 42,424 | (42,424) |
| Prepaid expenses | 46,989 | (73,379) |
| Income taxes payable | (19,933) | 30,192 |
| Accrued expenses | (11,846) | 83,388 |
| Accounts payable – related party | 120,000 | 120,000 |
| Net cash used in operating activities | (76,527) | (1,129,259) |
| Cash Flows from Investing Activities: | ||
| Cash withdrawn from Trust Account to pay franchise and income taxes | — | 723,496 |
| Cash withdrawn from Trust Account to redeem investors | — | 175,546,898 |
| Net cash provided by investing activities | — | 176,270,394 |
| Cash Flows from Financing Activities: | ||
| Redemption of common stock | — | (175,546,898) |
| Proceeds from conversion of Class A shares | — | 42,424 |
| Net cash used in financing activities | — | (175,504,474) |
| Net Change in Cash and Cash Equivalents | (76,527) | (363,339) |
| Cash and cash equivalents – Beginning of year | 1,149,157 | 1,512,496 |
| Cash and cash equivalents – End of year | $1,072,630 | $1,149,157 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $56,383 | $155,000 |
| Non-cash investing and financing activities: | ||
| Forgiveness of deferred underwriting fee payable allocated to Class A convertible common stock | $— | $5,815,688 |
| Contribution of Class B convertible common stock to the Trust Account | $— | $990,000 |
| Conversion of Class B convertible common stock to Class A convertible common stock | $— | $7 |
| Conversion of Class B convertible common stock to Class C common stock | $— | $— |
| Conversion of Class A convertible common stock to Class C common stock | $7 | $— |
| Renaming of Class C common stock to Class A common stock | $7 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.