SurvivorConsumer
What Happened to PMV Consumer Acquisition?
Ticker: PMVCSPAC Year: 2020
Return
+4288.0%
Current Price
$438.8
Peak Price
$438.8
Trust Size
$1M
Summary
PMV Consumer Acquisition Corp completed its business combination and operates in the consumer sector, but has undergone a massive reverse stock split.
What Happened
PMV Consumer Acquisition completed its SPAC merger. The extremely high nominal share price reflects multiple reverse stock splits rather than genuine value creation. The company represents an extreme example of post-SPAC financial engineering through repeated reverse splits to maintain exchange listing requirements.
Timeline
2020-08-17
S-1 Registration Filed