UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 30, 2022, PMV Consumer Acquisition Corp. (“PMV” or the “Company”) announced that it has given formal notice to the New York Stock Exchange (“NYSE”) of its intention to voluntarily delist its securities (Class A common stock; redeemable warrants; and units consisting of one share of Class A common stock and one-half of one redeemable warrant; collectively, the “Securities”) from the NYSE. Following the delisting from the NYSE, PMV expects to provide liquidity to PMV’s shareholders by listing PMV Securities on the OTC markets. PMV plans on filing a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about October 11, 2022. The last day of trading in PMV’s Securities on the NYSE will be on or about October 21, 2022, when the Form 25 takes effect.
PMV has filed an application for its Securities to be quoted on the OTC markets, operated by OTC Markets Group Inc. PMV will continue to provide information to its stockholders and take such actions to enable a trading market in its Securities to exist. There is no guarantee, however, that a broker will continue to make a market in the Securities and that trading of the Securities will continue on the OTC markets or otherwise or that the Company will continue to provide information sufficient to enable brokers to provide quotes for its Securities.
The Board of Directors of the Company (the “Board”) believes that the decision to delist the Securities from the NYSE is in the best interest of the Company and its stockholders. The Board has determined that the burdens associated with operating as a company listed on the NYSE outweigh any advantages to the Company and its stockholders at this time. The Board’s decision was based on careful review of numerous factors, including the requirements associated with NYSE listing standards. The Board also based its decision on the Company’s intention to provide liquidity to its stockholders following the delisting by taking actions within its control to have the Securities traded on the OTC markets. Once delisted, the Board believes that the Company will be able to more fully dedicate its financial and management resources to pursuing business opportunities.
Item 8.01. Other Events.
On September 30, 2022, the Board unanimously approved resolutions to authorize the delisting of the Securities from the New York Stock Exchange. See Item 3.01 above.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
Exhibit Number |
Description | |
| 99.1 | PMV’s Press Release, dated September 30, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PMV Consumer Acquisition Corp.
| By: /s/ Timothy J. Foufas | |
| Timothy J. Foufas | |
| Co-President and Secretary |
Date: October 4, 2022
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