PMV Consumer Acquisition Corp. announced that it has entered into a subscription agreement with PMV Consumer Acquisition Holding Company for a private placement of 6,150,000 warrants at a price of $1 per warrant for gross proceeds of $6,150,000 on September 21, 2020. The company will not pay any commissions in the transaction. The securities will be subject to transfer restrictions of 30 days after the completion of the concurrent public offering transaction. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock at an exercise price of $11.50 per share. A warrant may be exercised only during the period commencing on the later of 30 days after the closing of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities or 12 months from the closing of the public offering, and terminating at 5:00 p.m., New York City time on the earlier to occur of (i) five years from the consummation of a Business Combination, (ii) the Redemption Date as provided in Section 6.2 of this Agreement and (iii) the liquidation of the company. The period of time from the date the Warrants will first become exercisable until the expiration of the Warrants shall hereafter be referred to as the “Exercise Period.” Except with respect to the right to receive the Redemption Price as applicable, each Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at the close of business on the Expiration Date.