Attached files

file filename
S-1/A - AMENDMENT NO. 1 TO FORM S-1 - PMV Consumer Acquisition Corp.fs12020a1_pmvconsumer.htm
EX-99.3 - NOMINATING COMMITTEE CHARTER - PMV Consumer Acquisition Corp.fs12020a1ex99-3_pmvconsu.htm
EX-99.2 - COMPENSATION COMMITTEE CHARTER - PMV Consumer Acquisition Corp.fs12020a1ex99-2_pmvconsu.htm
EX-99.1 - AUDIT COMMITTEE CHARTER - PMV Consumer Acquisition Corp.fs12020a1ex99-1_pmvconsu.htm
EX-14.1 - CODE OF ETHICS - PMV Consumer Acquisition Corp.fs12020a1ex14-1_pmvconsu.htm
EX-10.6 - FORM OF INDEMNIFICATION AGREEMENT - PMV Consumer Acquisition Corp.fs12020a1ex10-6_pmvconsu.htm
EX-10.5 - FORM OF ADMINISTRATIVE SERVICES AGREEMENT - PMV Consumer Acquisition Corp.fs12020a1ex10-5_pmvconsu.htm
EX-10.4 - FORM OF SUBSCRIPTION AGREEMENT FOR PRIVATE PLACEMENT WARRANTS - PMV Consumer Acquisition Corp.fs12020a1ex10-4_pmvconsu.htm
EX-10.3 - FORM OF REGISTRATION RIGHTS AGREEMENT - PMV Consumer Acquisition Corp.fs12020a1ex10-3_pmvconsu.htm
EX-10.2 - FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT - PMV Consumer Acquisition Corp.fs12020a1ex10-2_pmvconsu.htm
EX-10.1 - FORM OF LETTER AGREEMENT FROM EACH INITIAL STOCKHOLDER, OFFICER AND DIRECTOR - PMV Consumer Acquisition Corp.fs12020a1ex10-1_pmvconsu.htm
EX-4.4 - FORM OF WARRANT AGREEMENT - PMV Consumer Acquisition Corp.fs12020a1ex4-4_pmvconsu.htm
EX-4.3 - SPECIMEN WARRANT CERTIFICATE - PMV Consumer Acquisition Corp.fs12020a1ex4-3_pmvconsu.htm
EX-4.2 - SPECIMEN COMMON STOCK CERTIFICATE - PMV Consumer Acquisition Corp.fs12020a1ex4-2_pmvconsu.htm
EX-4.1 - SPECIMEN UNIT CERTIFICATE - PMV Consumer Acquisition Corp.fs12020a1ex4-1_pmvconsu.htm
EX-1.1 - FORM OF UNDERWRITING AGREEMENT - PMV Consumer Acquisition Corp.fs12020a1ex1-1_pmvconsu.htm

Exhibit 5.1

 

 

August 17, 2020  

 

PMV Consumer Acquisition Corp.

249 Royal Palm Way, Suite 503

Palm Beach, FL 33480

 

Re:PMV Consumer Acquisition Corp. Registration Statement on Form S-1

 

Ladies and Gentlemen: 

We have acted as counsel to PMV Consumer Acquisition Corp., a Delaware corporation (the “Company”), in connection with the preparation and filing with the U.S. Securities and Exchange Commission (the “Commission”), pursuant to the Securities Act of 1933, as amended (the “Securities Act”), of the Registration Statement on Form S-1 (File No. 333-241670) of the Company (as amended through the date hereof and including all exhibits thereto, the “Registration Statement”), including a related prospectus filed with the Registration Statement (the “Prospectus”) relating to the proposed underwritten public offering (the “Offering”) of up to 20,125,000 units of the Company (the “Units”) (which includes up to 2,625,000 Units that may be issued and sold pursuant to the exercise of an over-allotment option granted to the Underwriters (as defined below) ), with each Unit consisting of:

 

(i)       one share of the Company’s class A common stock, par value $0.0001 per share (“Common Stock,” and the shares of Common Stock underlying the Units, the “Shares”); and

 

(ii)      one-half of one redeemable warrant of the Company (each whole warrant, a “Warrant”), with each Warrant entitling the holder to purchase one share of Common Stock, to be issued under a Warrant Agreement (the “Warrant Agreement”) to be entered into by the Company and Continental Stock Transfer & Trust Company, as warrant agent (in such capacity, the “Warrant Agent”), pursuant to the terms of an underwriting agreement (the “Underwriting Agreement”) to be executed by the Company and UBS Securities LLC, as representative of the several underwriters named therein (the “Underwriters”).

 

This opinion letter is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.

 

In connection with this opinion letter, we have examined and relied upon the Registration Statement, the Prospectus, the form of Underwriting Agreement, the Company’s Certificate of Incorporation and the Company’s Bylaws, each as currently in effect, and the originals or copies certified to our satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. In addition to the foregoing, we have made such investigations of law as we have deemed necessary or appropriate as a basis for the opinion set forth herein. As to all questions of fact material to this opinion letter and as to the materiality of any fact or other matter referred to herein, we have relied (without independent investigation or verification) upon representations and certificates or comparable documents of officers and representatives of the Company. We have assumed the genuineness and authenticity of all documents submitted to us as originals, and the conformity to originals of all documents submitted to us as copies thereof.

 

 

 

 

 

 

 

 

 

 

PMV Consumer Acquisition Corp.

August 17, 2020

Page 2

 

Our opinion is limited to the matters stated herein and no opinion is implied or may be inferred beyond the matters expressly stated. Our opinion herein is expressed solely with respect to the federal laws of the United States and the General Corporation Law of the State of Delaware. We are not rendering any opinion as to compliance with any federal or state antifraud law, rule or regulation relating to securities, or to the sale or issuance thereof. Our opinion is based on these laws as in effect on the date hereof, and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. We express no opinion as to whether the laws of any particular jurisdiction other than those identified above are applicable to the subject matter hereof.

 

Based upon the foregoing, and in reliance thereon, and subject to the assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that:

 

1.        When the Underwriting Agreement has been duly executed and delivered by the respective parties thereto and the Units have been duly issued by the Company and executed by Continental Stock Transfer & Trust Company, as transfer agent, as contemplated by the Registration Statement, the Units will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms except as such enforceability may be limited by (i) any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally including, without limitation, fraudulent transfer or fraudulent conveyance laws; (ii) public policy considerations, statutes or court decisions that may limit rights to obtain exculpation, indemnification or contribution (including, without limitation, indemnification regarding violations of the securities laws and indemnification for losses resulting from a judgment for the payment of any amount other than in United States dollars); and (iii) general principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing) and the availability of equitable remedies (including, without limitation, specific performance and equitable relief), regardless of whether considered in a proceeding in equity or at law.

 

2.        The Units and the Shares and Warrants included in the Units have been duly authorized by all necessary corporate actions on the part of the Company and, when the Underwriting Agreement and Warrant Agreement have been duly executed and delivered by the respective parties thereto and the Units, the Shares and the Warrants have been issued and delivered in accordance with the Underwriting Agreement against payment in full of the consideration payable therefor as determined by the Board of Directors of the Company or a duly authorized committee thereof and as contemplated by the Underwriting Agreement, the Units and the Shares and Warrants included in the Units will be validly issued, fully paid and non-assessable.

 

3.        When the Underwriting Agreement and the Warrant Agreement have been duly executed and delivered by the respective parties thereto and the Warrants have been duly executed by the Company and duly countersigned by the Warrant Agent in accordance with the terms of the Warrant Agreement and delivered to and paid for by the Underwriters pursuant to the terms of the Underwriting Agreement, the Warrants will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms except as such enforceability may be limited by (i) any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally including, without limitation, fraudulent transfer or fraudulent conveyance laws; (ii) public policy considerations, statutes or court decisions that may limit rights to obtain exculpation, indemnification or contribution (including, without limitation, indemnification regarding violations of the securities laws and indemnification for losses resulting from a judgment for the payment of any amount other than in United States dollars); and (iii) general principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing) and the availability of equitable remedies (including, without limitation, specific performance and equitable relief), regardless of whether considered in a proceeding in equity or at law.

 

 

 

 

 

 

 

 

PMV Consumer Acquisition Corp.

August 17, 2020

Page 3

 

 

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement and to the reference to our firm in the Prospectus under the heading “Legal Matters.” In giving such consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules or regulations of the Commission thereunder.

 

Very truly yours,

 

/s/ Paul Hastings LLP