Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 347

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 347
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 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.

44

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
19, 2024 stockholders meeting. On December 13, 2024, the Company made a deposit of $68,752 for the October and November extension contributions.
On December 23, 2024, the Company made a deposit of $34,376 for the December extension contribution. On February