Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 70

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 70
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 instances
in which holders of our public warrants may be unable to exercise such public warrants but holders of our private placement warrants may
be able to exercise such private placement warrants.

The warrants may become exercisable and redeemable
for a security other than the shares of our common stock, and you will not have any information regarding such other security at this
time.

In certain situations, including
if we are not the surviving entity in our initial business combination, the warrants may become exercisable for a security other than
the shares of our common stock. As a result, if the surviving company redeems your warrants for securities pursuant to the warrant agreement,
you may receive a security in a company of which you do not have information at this time. Pursuant to the warrant agreement, the surviving
company will be required to use commercially reasonable efforts to register the issuance of the security underlying the warrants within
fifteen (15) business days of the closing of an initial business combination.

The grant of registration rights to our initial
stockholders and holders of our private placement warrants may make it more difficult to complete our initial business combination, and
the future exercise of such rights may adversely affect the market price of our common stock.

Pursuant to an agreement entered
into concurrently with the issuance and sale of the securities in our initial public offering, our initial stockholders and their permitted
transferees can demand that we register their shares of our common stock at the time of our initial business combination. In addition,
holders of our private placement warrants and their permitted transferees can demand that we register the private placement warrants and
the shares of common stock issuable upon exercise of the private placement warrants, and holders of securities that may be issued upon
conversion of working capital loans may demand that we register such warrants or the common stock issuable upon exercise of such warrants.
We will bear the cost of registering these securities. The registration and availability of such a significant number of securities for
trading in the public market may have an adverse effect on the market price of our common stock. In addition, the existence of the registration
rights may make our initial business combination more costly or difficult to conclude. This is because the stockholders of the target
business may increase the equity stake they seek in the combined entity or ask for more cash consideration to offset the negative impact
on the market price of our common stock that is expected when the common stock owned by our initial stockholders, holders of our private
placement warrants or holders of our working