Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 376

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 376
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 interest income from the Trust Account was withdrawn by the Company for the payment of franchise and income taxes. Cash

|      |     |   | Fair Value 
      as of 
   June 30, 
       2025 |     |   |   Fair Value 
        as of 
 December 31, 
         2024 |
|:-----|:----|:--|-----------:|:----|:--|-------------:|
| Cash |     | $ |  1,935,561 |     | $ |    8,330,835 |

On December 21, 2023, the Company held a special meeting of stockholders to vote on extending the Combination Period. As a result, the Company extended the Combination Period from December 22, 2023 to March 22, 2024, which was later extended to March 22, 2025. In connection with the extension voted on December 21, 2023, 140,663shares of the Company’s common stock were redeemed. In January 2024, $ 1,565,078was paid from the Trust Account to redeeming stockholders in connection with the extension. As a result, the Company recorded a liability of $ 1,565,078as common stock to be redeemed and reduced common stock subject to possible redemption as of December 31, 2023 on the balance sheet. Additionally, as part of the adjustment of common stock subject to possible redemption, the Company classified $ 1,565,078of the trust account as a current asset on the condensed consolidated balance sheets, which was paid from the Trust Account in January 2024 to redeeming stockholders.

On March 18, 2025, the Company commenced a special meeting of stockholders, which was adjourned until March 21, 2025 without conducting any business. On March 21, 2025, the Company reconvened the special meeting to approve an extension of time for the Company to consummate an initial business combination from March 22, 2025 to June 22, 2025. The meeting was adjourned until March 21, 2025, at which the stockholders approve the extension of the business combination period until June 22, 2025. As a condition of the extension, the Company contributed $ 30,000to the Trust Account, for the entire extension period, on March 21, 2025. On July 1, 202