Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 397

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 397
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 stock at par value of $ 0.0001each. In April 2021, the Company issued 5,175,000shares of common stock to its Sponsor for $ 25,000, or approximately $ 0.005per share. In October 2021, the Sponsor irrevocably surrendered to the Company for cancellation and for no consideration 862,500shares of common stock. On December 20, 2021, the Company effected a 1.1- for-1 stock dividend of its common stock, resulting in an aggregate of 4,743,750Founder Shares issued and outstanding. On December 22, 2021, the Company has also issued 450,000shares (Representative’s Shares) of common stock (which included 37,500Representative Shares issued pursuant to the full exercise of the over-allotment option) at the consummation of the IPO to I-Bankers and Dawson James (and/or their designees). As of June 30, 2025 and December 31, 2024, there were 5,193,750shares of common stock issued and outstanding, excluding 101,777and 687,519shares of common stock subject to redemption, respectively. Common stockholders of record are entitled to onevote for each share held on all matters to be voted on by stockholders. Unless specified in the Company’s amended and restated certificate of incorporation or bylaws, or as required by applicable provisions of the DGCL or applicable stock exchange rules, the affirmative vote of a majority of the Company’s common stock that are voted is required to approve any such matter voted on by the stockholders. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voted for the election of directors can elect all of the directors (prior to consummation of the initial Business Combination). The Company’s stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors out of funds legally available therefor.

Note 8 — Fair Value Measurements

Fair value is defined as the
price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants
at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or