$PMVC
PMV Consumer Acquisition Corp.

2022 Q2 Form 10-Q Financial Statement

#000121390022044743 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $255.6K $205.2K $94.56K
YoY Change 111.11% 20.7% -27.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $305.6K $255.2K $144.6K
YoY Change 65.86% 16.0% -19.67%
Operating Profit -$305.6K -$255.2K
YoY Change 65.86%
Interest Expense $2.519M $5.706M $541.0K
YoY Change 30.3% -2953.05% -280.34%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $2.214M $5.451M $396.5K
YoY Change 26.56% -1397.83% -146.64%
Income Tax $9.560K $0.00 $0.00
% Of Pretax Income 0.43% 0.0% 0.0%
Net Earnings $2.204M $5.451M $396.5K
YoY Change 26.01% -1395.27% -146.64%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $100.8K $249.2K $18.12K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.169M $1.288M $1.513M
YoY Change -28.14% -24.21% -24.38%
Cash & Equivalents $1.169M $1.288M $1.512M
Short-Term Investments
Other Short-Term Assets $33.20K $68.34K $103.1K
YoY Change -81.03% -65.83% -65.64%
Inventory
Prepaid Expenses $103.1K
Receivables
Other Receivables
Total Short-Term Assets $1.202M $1.357M $1.616M
YoY Change -33.28% -32.16% -29.76%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $175.4M $175.2M $175.1M
YoY Change 0.21% 0.03% 0.06%
Other Assets
YoY Change
Total Long-Term Assets $175.4M $175.2M $175.1M
YoY Change 0.21% 0.09% 0.06%
TOTAL ASSETS
Total Short-Term Assets $1.202M $1.357M $1.616M
Total Long-Term Assets $175.4M $175.2M $175.1M
Total Assets $176.6M $176.5M $176.7M
YoY Change -0.13% -0.28% -0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $403.4K $252.5K $256.2K
YoY Change 169.81% 152.52% 28.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $413.0K $252.5K $256.2K
YoY Change 176.2% 152.52% 28.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.765M $9.999M $15.66M
YoY Change -60.44% -53.71% -26.47%
Total Long-Term Liabilities $7.765M $9.999M $15.66M
YoY Change -60.44% -53.71% -26.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $413.0K $252.5K $256.2K
Total Long-Term Liabilities $7.765M $9.999M $15.66M
Total Liabilities $8.178M $10.25M $15.92M
YoY Change -58.65% -52.76% -25.96%
SHAREHOLDERS EQUITY
Retained Earnings -$6.540M -$14.19M
YoY Change
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.539M -$8.743M -$14.19M
YoY Change
Total Liabilities & Shareholders Equity $176.6M $176.5M $176.7M
YoY Change -0.13% -0.28% -0.32%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $2.204M $5.451M $396.5K
YoY Change 26.01% -1395.27% -146.64%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$119.5K -$224.1K -$58.19K
YoY Change 0.73% -13.8% -80.6%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -119.5K -224.1K -58.19K
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000
Net Change In Cash -119.5K $0.00 -58.19K
YoY Change 0.73% -93.07%
FREE CASH FLOW
Cash From Operating Activities -$119.5K -$224.1K -$58.19K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2022Q2 us-gaap Common Stock Value
CommonStockValue
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CY2021Q2 pmvc Provision For Income Taxes
ProvisionForIncomeTaxes
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dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39534
dei Entity Registrant Name
EntityRegistrantName
PMV Consumer Acquisition Corp.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-5174573
dei Entity Address Address Line1
EntityAddressAddressLine1
249 Royal Palm Way,
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 503
dei Entity Address City Or Town
EntityAddressCityOrTown
Palm Beach,
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33480
dei City Area Code
CityAreaCode
(561)
dei Local Phone Number
LocalPhoneNumber
318-3766
dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
PMVC
dei Security Exchange Name
SecurityExchangeName
NYSE
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WarrantLiabilities
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CY2021Q4 pmvc Warrant Liabilities
WarrantLiabilities
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CY2022Q2 us-gaap Liabilities
Liabilities
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CY2021Q4 us-gaap Liabilities
Liabilities
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CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
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RedeemableNoncontrollingInterestEquityCommonCarryingAmount
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CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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PreferredStockParOrStatedValuePerShare
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CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
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DeferredUnderwritingFeePayable
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CY2022Q2 us-gaap Additional Paid In Capital
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pmvc Franchise Tax Expense
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pmvc Franchise Tax Expense
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us-gaap Interest Income Securities Other Us Government
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us-gaap Interest Income Securities Other Us Government
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CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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ProvisionForIncomeTaxes
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Investment Income Interest
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us-gaap Investment Income Interest
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
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us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
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us-gaap Other Underwriting Expense
OtherUnderwritingExpense
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CY2022Q2 us-gaap Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
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pmvc Offset Credit By Underwriters
OffsetCreditByUnderwriters
175000 usd
CY2022Q2 us-gaap Cash
Cash
1168858 usd
CY2020Q3 us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
Following the closing of the Initial Public Offering on September 24, 2020, an amount of $175,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Warrants was placed in a trust account (the “Trust Account”) located in the United States, which will only be invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-end investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account, as described below.
pmvc Business Combination Fair Market Value Percentage
BusinessCombinationFairMarketValuePercentage
0.80 pure
pmvc Percentage Of Outstanding Voting Securities
PercentageOfOutstandingVotingSecurities
0.50 pure
pmvc Public Share Price Per Share
PublicSharePricePerShare
10
CY2022Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5000001 usd
CY2022Q2 pmvc Public Share Percentage
PublicSharePercentage
0.20 pure
CY2022Q2 pmvc Public Shares Redeem Percentage
PublicSharesRedeemPercentage
1 pure
pmvc Public Price Per Share
PublicPricePerShare
10
pmvc Reduction Per Shares
ReductionPerShares
10 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration:underline">Reclassifications</span></i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain reclassifications have been made to the historical financial statements to conform to the current year’s presentation. Certain balances in the June 30, 2021 cash flow have been presented on a net basis to conform to the current period presentation. Such reclassifications have no effect on net income (loss) as previously reported.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration:underline">Use of Estimates</span></i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of condensed financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Gross Profit
GrossProfit
175000000 usd
pmvc Proceeds Allocated To Public Warrants
ProceedsAllocatedToPublicWarrants
-8837500 usd
pmvc Class A Shares Offering Costs
ClassASharesOfferingCosts
-9454542 usd
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
18292042 usd
pmvc Class A Common Stock Subject To Possible Redemptionin Shares
ClassACommonStockSubjectToPossibleRedemptioninShares
175000000 usd
CY2020Q3 pmvc Aggregate Offering Cost
AggregateOfferingCost
9957390 usd
CY2020Q3 pmvc Payments For Underwriting Expenses
PaymentsForUnderwritingExpenses
3500000 usd
CY2020Q3 pmvc Deferred Underwriting Fees
DeferredUnderwritingFees
6125000 usd
CY2020Q3 pmvc Other Offering Costs
OtherOfferingCosts
507390 usd
CY2020Q3 pmvc Underwriting Gross Proceeds
underwritingGrossProceeds
175000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i><span style="text-decoration:underline">Concentration of Credit Risk</span></i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 usd
pmvc Underwriting Deferred Fee
UnderwritingDeferredFee
0.35
us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
6125000 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
pmvc Shares Outstanding Percentage Of Initial Public Offering
SharesOutstandingPercentageOfInitialPublicOffering
0.20 pure
pmvc Sale Of Stock Number Of Share Issued In Transactions
SaleOfStockNumberOfShareIssuedInTransactions
17500000 shares
CY2022Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
10
CY2022Q2 us-gaap Share Price
SharePrice
9.92
CY2021Q4 us-gaap Share Price
SharePrice
9.83
CY2020Q3 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
1.4-for-1 forward stock split of its issued and outstanding shares of Class B convertible common stock, resulting in an aggregate of 5,031,250 Founder Shares being outstanding, of which an aggregate of up to 656,250 shares were subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment option was not exercised in full or in part so that the Sponsor would own, on an as-converted basis, 20% of the Company’s issued and outstanding shares after the Initial Public Offering (assuming the Sponsor did not purchase any Public Shares in the Initial Public Offering).
CY2020Q3 pmvc Administrative Fees
AdministrativeFees
10000 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
30000 usd
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
60000 usd
CY2022Q2 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
212000 usd
CY2021Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
152000 usd
pmvc Warrants For Redemption Description
WarrantsForRedemptionDescription
Once the warrants become exercisable, the Company may redeem the Public Warrants:  ●in whole and not in part;   ●at a price of $0.01 per warrant;   ●upon not less than 30 days’ prior written notice of redemption;   ●if, and only if, the reported last sale price of the Company’s common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and subject to adjustment as described below) for any 20 trading days within a 30-trading day period ending on the third business day prior to the notice of redemption to the warrant holders; and  ●If, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying the warrants.
CY2022Q2 pmvc Effective Issue Prices
EffectiveIssuePrices
9.2
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
9.2
CY2022Q2 pmvc Fair Market Value Percentage
FairMarketValuePercentage
1.15 pure
pmvc Warrants Price Per Share
WarrantsPricePerShare
18
CY2022Q2 pmvc Market Value Issuance Percentage
MarketValueIssuancePercentage
1.80 pure
CY2022Q2 pmvc Fair Value Measurement Strike Price
FairValueMeasurementStrikePrice
11.5
CY2021Q4 pmvc Fair Value Measurement Strike Price
FairValueMeasurementStrikePrice
11.5
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
14036 usd
CY2022Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
228058 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
242094 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
242094 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
66839 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
248838 usd
pmvc Ownership Interest Percentage
OwnershipInterestPercentage
0.50 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0 pure
pmvc Effective Income Tax Rate Reconciliation Permanent Book Tax Differences
EffectiveIncomeTaxRateReconciliationPermanentBookTaxDifferences
0.216 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002 pure
CY2022Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
175419734 usd
CY2022Q2 pmvc Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
962501 usd
CY2022Q2 pmvc Warrant Liability Private Placement Warrants
WarrantLiabilityPrivatePlacementWarrants
677474 usd
CY2021Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
175436661 usd
CY2021Q4 pmvc Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
5600000 usd
CY2021Q4 pmvc Warrant Liability Private Placement Warrants
WarrantLiabilityPrivatePlacementWarrants
3937845 usd
CY2022Q2 us-gaap Investments And Cash
InvestmentsAndCash
366501 usd
CY2021Q4 us-gaap Investments And Cash
InvestmentsAndCash
195 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0514 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.1367 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0293 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0071 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q2 pmvc Business Combination Step Acquisition Equity Interest In Acquiree Percentage1
BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage1
0.50 pure
CY2021Q4 pmvc Business Combination Step Acquisition Equity Interest In Acquiree Percentage1
BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage1
0.70 pure
CY2020Q4 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
333500 usd
CY2020Q4 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
15198000 usd
CY2021Q1 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
236500 usd
CY2021Q1 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
15434500 usd
CY2021Q2 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
-1931465 usd
CY2021Q2 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
13503035 usd
CY2021Q3 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
-3448467 usd
CY2021Q3 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
10054568 usd
CY2021Q4 pmvc Transfer Of Public Warrants To Level1
TransferOfPublicWarrantsToLevel1
-5929000 usd
CY2021Q4 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
-187723 usd
CY2021Q4 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
3937845 usd
CY2022Q1 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
-2338845 usd
CY2022Q1 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
1599000 usd
CY2022Q2 pmvc Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
-921526 usd
CY2022Q2 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
677474 usd
CY2022Q2 us-gaap Interest Income Operating
InterestIncomeOperating
358497 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
pmvc Provision For Income Taxes
ProvisionForIncomeTaxes
usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2020Q1 pmvc Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001807765

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