PMV Consumer Acquisition announced that it has given formal notice to the NYSE of its intention to voluntarily delist. The SPAC expects to move over to the OTC markets. PMV plans on filing a Form 25 with the SEC by Oct. 10. The last day of trading in PMV’s common stock on the NYSE will be on or about Oct. 20.
Shareholders last week voted in favor of a one-year extension on the SPAC’s merger deadline, although redemptions claimed 88% of the cash in trust.
The SPAC raised $175 million in a 2020 IPO to target companies in the consumer industry with enterprise valuations in the range of $200 million to $3.5 billion.
Chairman and CEO P. Kasper Jakobsen previously served as CEO and president of Mead Johnson Nutrition, a global consumer company focused on infant and child nutrition. Read more.
