Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 85

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 100% of the
public shares if the Company does not complete the initial Business Combination within the extended period (or any additional extension
from the closing of our IPO if we extend the period of time to consummate a business combination) (the “Combination Period”),
or (B) with respect to any other provision relating to stockholders’ rights or pre-Business Combination activity, and (iii) the
redemption of all of the Company’s public shares if the Company is unable to complete the Business Combination within the Combination
Period, subject to applicable law. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s
creditors, if any, which could have priority over the claims of the Company’s public stockholders.

5

The Company will provide its public stockholders
with the opportunity to redeem all or a portion of their public shares upon the completion of the initial Business Combination either
(i) in connection with a stockholder meeting called to approve the initial Business Combination or (ii) by means of a tender
offer. The decision as to whether the Company will seek stockholder approval of a proposed initial Business Combination or conduct a
tender offer will be made by the Company, solely in its discretion. The stockholders will be entitled to redeem all or a portion of their
public shares upon the completion of the initial Business Combination at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the Trust Account as of two business days prior to the consummation of the initial Business Combination, including
interest (which interest shall be net of taxes payable) divided by the number of then outstanding public shares, subject to the limitations
described herein. The per share amount the Company will distribute to investors who properly redeem their shares will not be reduced
by the fee payable to I-Bankers and Dawson James pursuant to the Business Combination Marketing Agreement (see Note 6).

If the Company is unable to complete an initial
Business Combination within the Combination Period, it will: (i) cease all operations except for the purpose of winding up, (ii) as promptly
as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust account, including interest (which interest shall be net of taxes payable,
and less up to $100,000 of interest to pay dissolution expenses) divided by the number of