Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 76

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 76
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ers and Dawson James. In addition, if our initial stockholders
make any working capital loans, up to $1,500,000 of such loans may be convertible, at the option of the lender, into private placement
warrants at a price of $1.00 per warrant of the post business combination entity. To the extent we issue shares of common stock to effectuate
a business combination, the potential for the issuance of a substantial number of additional shares of common stock upon conversion of
the rights or exercise of the warrants could make us a less attractive acquisition vehicle to a target business. Such rights and warrants,
if and when converted or exercised, would increase the number of issued and outstanding shares of our common stock and reduce the value
of the shares of common stock issued to complete the business combination. Therefore, our rights and warrants may make it more difficult
to effectuate a business combination or increase the cost of acquiring the target business.

Provisions in our amended and restated certificate
of incorporation and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future
for our common stock and could entrench management.

Our amended and restated certificate
of incorporation contains provisions that may discourage unsolicited takeover proposals that stockholders may consider to be in their
best interests. These provisions include the ability of the board of directors to designate the terms of and issue new series of preferred
stock, which may make more difficult the removal of management and may discourage transactions that otherwise could involve payment of
a premium over prevailing market prices for our securities.

We are also subject to anti-takeover
provisions under Delaware law, which could delay or prevent a change of control. Together these provisions may make more difficult the
removal of management and may discourage transactions that otherwise could involve payment of a premium over prevailing market prices
for our securities.

Provisions in our amended and restated certificate
of incorporation and Delaware law may have the effect of discouraging lawsuits against our directors and officers.

Our amended and restated certificate
of incorporation requires, unless we consent in writing to the selection of an alternative forum, that (i) any derivative action or proceeding
brought on our behalf, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee
to us or our stockholders, (iii) any action asserting a claim against us, our directors, officers or employees arising pursuant to any
provision of the