Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 5

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 to reconcile net loss to net cash used in operating activities: 

    Interest income on cash held in Trust Account 
     (95,084) 
     (225,184)
  
    Change in fair value of warrant liabilities 
     6,265,530  
     800,595 
  
    Changes in fair value of convertible promissory note 
     1,380,059  
     (126,098)
  
    Changes in fair value of securities purchase agreement 
     193,878  
     — 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses and other current assets 
     14,166  
     (33,750)
  
    Accounts payable and accrued expenses 
     1,060,055  
     255,717 
  
    Income tax payable 
     —  
     (49,061)
  
    Prepaid income taxes 
     20,988  
     (66,525)
  
    Prepaid franchise taxes 
     (15,600) 
     — 
  
    Due to related party 
     (8,820) 
     — 
  
    Deferred tax liability 
     —  
     (13,661)
  
    Net cash used in operating activities 
     (501,614) 
     (675,731)

    Cash flows from investing activities: 

    Payment of extension fee into Trust Account 
     (99,285) 
     (235,733)
  
    Cash withdrawn from Trust Account in connection with redemption 
     6,510,830  
     2,653,439 
  
    Reimbursement of franchise and income taxes from Trust Account 
     78,813  
     204,460 
  
    Net cash provided by investing activities 
     6,490,358  
     2,622,166 

    Cash flows from financing activities: 

    Proceeds from convertible promissory note 
     —  
     708,981 
  
    Advance from Profusa 
     507,633  
     — 
  
    Redemption of common stock 
     (6,510,830) 
     (2,653,439)
  
    Net cash used in financing activities 
     (6,003,197) 
     (1,944,458)

    Net change