Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 312

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 312
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 Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) F-64 NORTHVIEW ACQUISITION CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 1 — Description of Organization and Business Operations (cont.) and (iv) the content of regulations and other guidance from the Treasury. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination. On March 22, 2023 and December 21, 2023, the Company’s stockholders redeemed 18,000,868and 140,663shares, respectively, for a total of $ 184,845,836and $ 1,565,078, respectively. On March 26, 2024, the Company’s stockholders redeemed 95,394shares for a total of $ 1,088,361. On September 30, 2024, the Company’s stockholders redeemed 50,556shares for a total of $ 595,439. The Company determined that an excise tax liability should be recorded due to the redeemed shares. As of December31, 2024, the Company has a charge to stockholders’ deficit of $ 1,880,944of excise tax liability, including $ 16,838charged during the year ended December31, 2024, calculated as 1% of the value of shares redeemed. On July 3, 2024, the Treasury issued final regulations with respect to the procedure and administration of the Excise Tax. These regulations provided that the filing and payment deadline for any liability incurred during the period from January 1, 2023 to December 31, 2023 would be October 31, 2024. As of December31, 2024 and the date of this report, the excise tax was not paid and recorded as excise