Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 51

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 restated certificate of incorporation to extend the date by which the Company must consummate a business
combination or, if it fails to do so, cease its operations and redeem or repurchase 100% of the shares of the Company’s common
stock issued in the Company’s initial public offering, from March 22, 2024, monthly for up to six additional months at the election
of the Company and only upon contribution of $0.05 per month per outstanding public share, ultimately until September 22, 2024.

In connection with the meeting, the holders of
95,394 Public Shares properly exercised their right to redeem, with 5,931,825 shares of Common Stock remaining outstanding after
the Redemption; 738,075 shares of Common Stock remaining outstanding after the Redemption are shares issued in connection with the initial
public offering. Consequently, the contribution is $36,904 per month needed for the Company to continue to extend the Combination
Period monthly. On May 8, 2024 and May 31, 2024, the Company made two deposits of $36,904 each for April and May extension contributions.
On September 10, 2024, the Company made a deposit of $112,114, of which $110,174 was for June, July and August extension contributions
and $1,400 for lost interest due to late trust payments.

On September 19, 2024, the Company held a special
meeting of stockholders. At the meeting, the Company’s stockholders approved an amendment to the Company’s amended and restated
certificate of incorporation to extend the date by which the Company must consummate its initial Business Combination to March 22, 2025.
In connection with the approval of the extension amendment, holders of 50,556 shares of the Company’s common stock exercised
their right to redeem, with 5,881,269 shares of common stock remaining outstanding after the redemption; 687,519 shares of common stock
remaining outstanding after the redemption are shares issued in connection with our initial public offering. Consequently, the contribution
is $34,376 per month needed for the Company to continue to extend the Combination Period monthly. On October 4, 2024, the Company
made a deposit of $34,376 for the September extension contribution. In October 2024, $595,439 was paid from the trust account to redeeming
stockholders in connection with the extension that took place at the September