2022 Q3 Form 10-Q Financial Statement
#000121390022072151 Filed on November 14, 2022
Income Statement
Concept | 2022 Q3 | 2021 Q4 | 2021 Q3 |
---|---|---|---|
Revenue | $4.594M | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $351.8K | $94.56K | $111.3K |
YoY Change | 216.11% | -27.26% | 1012.9% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $411.8K | $144.6K | $148.1K |
YoY Change | 178.0% | -19.67% | 34.66% |
Operating Profit | -$411.8K | -$148.1K | |
YoY Change | 178.01% | ||
Interest Expense | $1.655M | $541.0K | $3.458M |
YoY Change | -52.13% | -280.34% | |
% of Operating Profit | |||
Other Income/Expense, Net | $4.594M | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Pretax Income | $5.837M | $396.5K | $3.310M |
YoY Change | 76.37% | -146.64% | -3108.78% |
Income Tax | $117.6K | $0.00 | $0.00 |
% Of Pretax Income | 2.01% | 0.0% | 0.0% |
Net Earnings | $5.720M | $396.5K | $3.310M |
YoY Change | 72.81% | -146.64% | -3108.78% |
Net Earnings / Revenue | 124.51% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $267.7K | $18.12K | $151.3K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2021 Q4 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.436M | $1.513M | $1.571M |
YoY Change | -8.56% | -24.38% | -43.9% |
Cash & Equivalents | $1.436M | $1.512M | $1.571M |
Short-Term Investments | |||
Other Short-Term Assets | $100.4K | $103.1K | $139.0K |
YoY Change | -27.81% | -65.64% | |
Inventory | |||
Prepaid Expenses | $100.4K | $103.1K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $1.537M | $1.616M | $1.710M |
YoY Change | -10.12% | -29.76% | -41.04% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $21.57M | $175.1M | $175.1M |
YoY Change | -87.68% | 0.06% | 0.05% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $21.57M | $175.1M | $175.1M |
YoY Change | -87.68% | 0.06% | 0.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.537M | $1.616M | $1.710M |
Total Long-Term Assets | $21.57M | $175.1M | $175.1M |
Total Assets | $23.10M | $176.7M | $176.8M |
YoY Change | -86.93% | -0.32% | -0.62% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $581.3K | $256.2K | $205.8K |
YoY Change | 182.53% | 28.1% | -58.85% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $603.5K | $256.2K | $205.8K |
YoY Change | 193.3% | 28.1% | -65.71% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.203M | $15.66M | $16.18M |
YoY Change | -86.38% | -26.47% | 165.24% |
Total Long-Term Liabilities | $2.203M | $15.66M | $16.18M |
YoY Change | -86.38% | -26.47% | 165.24% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $603.5K | $256.2K | $205.8K |
Total Long-Term Liabilities | $2.203M | $15.66M | $16.18M |
Total Liabilities | $2.806M | $15.92M | $16.39M |
YoY Change | -82.87% | -25.96% | 140.96% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$820.2K | -$14.19M | |
YoY Change | |||
Common Stock | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$217.6K | -$14.19M | $160.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $23.10M | $176.7M | $176.8M |
YoY Change | -86.93% | -0.32% | -0.62% |
Cashflow Statement
Concept | 2022 Q3 | 2021 Q4 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $5.720M | $396.5K | $3.310M |
YoY Change | 72.81% | -146.64% | -3108.78% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$406.1K | -$58.19K | -$55.89K |
YoY Change | 626.59% | -80.6% | 179.45% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $155.5M | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | $155.5M | $0.00 | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -154.9M | 0.000 | 0.000 |
YoY Change | -100.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -406.1K | -58.19K | -55.89K |
Cash From Investing Activities | 155.5M | 0.000 | 0.000 |
Cash From Financing Activities | -154.9M | 0.000 | 0.000 |
Net Change In Cash | 267.4K | -58.19K | -55.89K |
YoY Change | -578.46% | -93.07% | -101.98% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$406.1K | -$58.19K | -$55.89K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
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true | ||
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Document Period End Date
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|
2022-09-30 | ||
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Document Fiscal Year Focus
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|
2022 | ||
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Document Transition Report
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|
false | ||
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Entity File Number
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|
001-39534 | ||
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Entity Registrant Name
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|
PMV Consumer Acquisition Corp. | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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DE | ||
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Entity Tax Identification Number
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84-5174573 | ||
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249 Royal Palm Way | ||
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Suite 503 | ||
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Palm Beach | ||
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FL | ||
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33480 | ||
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(561) | ||
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318-3766 | ||
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Security12b Title
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Class A Common Stock, par value $0.0001 per share | ||
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Trading Symbol
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PMVC | ||
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Entity Current Reporting Status
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Yes | ||
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pmvc |
Warrants Price Per Share
WarrantsPricePerShare
|
18 | ||
CY2022Q3 | pmvc |
Market Value Issuance Percentage
MarketValueIssuancePercentage
|
1.80 | pure |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><i><span style="text-decoration:underline">Use of Estimates</span></i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></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 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"><span style="font-family: Times New Roman, Times, Serif"> </span></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. One of the more significant accounting estimates included in these condensed financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available and 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"><span style="font-family: Times New Roman, Times, Serif"> </span></p> | ||
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
175000000 | usd |
CY2021 | pmvc |
Proceeds Allocated To Public Warrants
ProceedsAllocatedToPublicWarrants
|
-8837500 | usd |
CY2021 | pmvc |
Class A Shares Offering Costs
ClassASharesOfferingCosts
|
-9454542 | usd |
CY2021 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
18292042 | usd |
CY2021 | pmvc |
Class A Common Stock Subject To Possible Redemptionin Shares
ClassACommonStockSubjectToPossibleRedemptioninShares
|
175000000 | usd |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-154874304 | usd | |
us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
387869 | usd | |
pmvc |
Class A Common Stock Subject To Possible Redemptionin Shares
ClassACommonStockSubjectToPossibleRedemptioninShares
|
20513565 | usd | |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
301936 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
301936 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
301936 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
0 | 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
|
0.205 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.013 | pure | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.018 | pure | |
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"><span style="font-family: Times New Roman, Times, Serif"><b><i><span style="text-decoration:underline">Concentration of Credit Risk</span></i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif">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 Deposit 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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif"> </span></p> | ||
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd | |
CY2020Q3 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
On August 3, 2020, the Company effected a 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). | |
pmvc |
Sale Of Stock Number Of Share Issued In Transactions
SaleOfStockNumberOfShareIssuedInTransactions
|
17500000 | shares | |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10 | |
CY2022Q3 | pmvc |
Sponsor Owned Shares
SponsorOwnedShares
|
4175000 | shares |
CY2020Q3 | pmvc |
Administrative Fees
AdministrativeFees
|
10000 | usd |
CY2022Q3 | us-gaap |
Investment Company Shareholder Service Fee Expense
InvestmentCompanyShareholderServiceFeeExpense
|
30000 | usd |
us-gaap |
Investment Company Shareholder Service Fee Expense
InvestmentCompanyShareholderServiceFeeExpense
|
30000 | usd | |
CY2021Q3 | us-gaap |
Investment Company Shareholder Service Fee Expense
InvestmentCompanyShareholderServiceFeeExpense
|
90000 | usd |
us-gaap |
Investment Company Shareholder Service Fee Expense
InvestmentCompanyShareholderServiceFeeExpense
|
90000 | usd | |
CY2022Q3 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
242000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
152000 | usd |
pmvc |
Underwriting Deferred Fee
UnderwritingDeferredFee
|
0.35 | ||
CY2022Q3 | us-gaap |
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
|
4593750 | usd |
CY2022Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
4593750 | usd |
us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
1531250 | usd | |
CY2021 | us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
6125000 | usd |
CY2022Q3 | pmvc |
Excise Tax Percentage
ExciseTaxPercentage
|
0.01 | pure |
pmvc |
Excise Tax Percentage
ExciseTaxPercentage
|
0.01 | pure | |
CY2022Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2022Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q3 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
20000000 | shares |
pmvc |
Shares Outstanding Percentage Of Initial Public Offering
SharesOutstandingPercentageOfInitialPublicOffering
|
0.20 | pure | |
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
pmvc |
Warrants For Redemption Description
WarrantsForRedemptionDescription
|
●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. | ||
CY2022Q3 | pmvc |
Effective Issue Prices
EffectiveIssuePrices
|
9.2 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
|
9.2 | |
pmvc |
Fair Market Value Percentage
FairMarketValuePercentage
|
1.15 | pure | |
us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
6125000 | usd | |
CY2022Q3 | us-gaap |
Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
|
507390 | usd |
pmvc |
Offset Credit By Underwriters
OffsetCreditByUnderwriters
|
175000 | usd | |
CY2022Q3 | us-gaap |
Cash
Cash
|
1436262 | 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 | ||
CY2022Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
5000001 | usd |
CY2022Q3 | pmvc |
Net Tangible Book Value
NetTangibleBookValue
|
5000001 | usd |
CY2022Q3 | pmvc |
Public Share Percentage
PublicSharePercentage
|
0.20 | pure |
CY2022Q3 | pmvc |
Public Shares Redeem Percentage
PublicSharesRedeemPercentage
|
1 | pure |
CY2022Q3 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
200000 | shares |
CY2022Q3 | us-gaap |
Treasury Stock Preferred Shares
TreasuryStockPreferredShares
|
20000000 | shares |
CY2022Q3 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
0.20 | pure |
CY2022Q3 | pmvc |
Stockholders Holding Description
StockholdersHoldingDescription
|
At the special meeting of stockholders on September 21, 2022, in connection with the extension, stockholders holding 15,453,391 shares of Class A common stock exercised their right to redeem such shares for a pro rata portion of the funds in the Trust Account. As a result, $154,874,303 (approximately $10.02 per share), which included $340,393 of interest earned on the Trust Account which was not previously used to pay the Company’s tax obligation, was removed from the Trust Account to pay such holders. Following these redemptions, the Company had 2,046,609 shares of Class A common stock outstanding and the aggregate amount remaining in the Trust Account at the time was $20,511,170. | |
pmvc |
Public Price Per Share
PublicPricePerShare
|
10 | ||
pmvc |
Reduction Per Shares
ReductionPerShares
|
10 | usd | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><i><span style="text-decoration:underline">Reclassifications</span></i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif">Certain reclassifications have been made to the historical financial statements to conform to the current year’s presentation. Certain balances in the September 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 as previously reported.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif"> </span></p> | ||
CY2022Q3 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
21565725 | usd |
CY2022Q3 | pmvc |
Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
|
378875 | usd |
CY2022Q3 | pmvc |
Warrant Liability Private Placement Warrants
WarrantLiabilityPrivatePlacementWarrants
|
292740 | usd |
CY2021Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
175109162 | usd |
CY2021Q4 | pmvc |
Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
|
5600000 | usd |
CY2021Q4 | pmvc |
Warrant Liability Private Placement Warrants
WarrantLiabilityPrivatePlacementWarrants
|
3937845 | usd |
CY2022Q3 | us-gaap |
Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
|
0 | usd |
CY2021Q4 | us-gaap |
Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
|
195 | usd |
CY2022Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
673497 | usd |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
673497 | usd | |
CY2022Q3 | us-gaap |
Share Price
SharePrice
|
9.9 | |
CY2021Q4 | us-gaap |
Share Price
SharePrice
|
9.83 | |
CY2022Q3 | 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 | ||
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.0103 | 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
|
0.0412 | 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 |
CY2022Q3 | 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 |
pmvc |
Fair Value Initial Measurement
FairValueInitialMeasurement
|
14864500 | usd | |
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 |
CY2022Q3 | pmvc |
Change In Fair Value Recognized In Earnings
ChangeInFairValueRecognizedInEarnings
|
-384734 | usd |
CY2022Q3 | pmvc |
Fair Value Of Warrant Liabilities
FairValueOfWarrantLiabilities
|
292740 | usd |
CY2022Q3 | pmvc |
Aggregate Share
AggregateShare
|
200000 | shares |
CY2021Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
usd | |
CY2022Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2022Q3 | pmvc |
Common Stock Value Two
CommonStockValueTwo
|
usd | |
CY2021Q4 | pmvc |
Common Stock Value Two
CommonStockValueTwo
|
usd | |
CY2022Q3 | pmvc |
Common Stock Value Three
CommonStockValueThree
|
usd | |
CY2021Q4 | pmvc |
Common Stock Value Three
CommonStockValueThree
|
usd | |
CY2021Q3 | pmvc |
Forgiveness Of Deferred Underwriting Fee Payable
ForgivenessOfDeferredUnderwritingFeePayable
|
usd | |
pmvc |
Forgiveness Of Deferred Underwriting Fee Payable
ForgivenessOfDeferredUnderwritingFeePayable
|
usd | ||
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
usd | ||
pmvc |
Cash Withdrawn From Trust Account To Reimburse Expenses
CashWithdrawnFromTrustAccountToReimburseExpenses
|
usd | ||
pmvc |
Cash Withdrawn From Trust Account To Redeeming Investors
CashWithdrawnFromTrustAccountToRedeemingInvestors
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | ||
pmvc |
Contribution Of Class B Common Stock To The Trust Account
ContributionOfClassBCommonStockToTheTrustAccount
|
usd | ||
CY2022Q3 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
usd | |
CY2022Q3 | 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
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001807765 |