Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 72

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 72
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 common stock if preferred stock is issued with rights senior to those afforded our common stock;

●could
cause a change in control if a substantial number of common stock is issued, which may affect, among other things, our ability to use
our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors;
and

●may
adversely affect prevailing market prices for our units, common stock, rights, and/or warrants.

In order to effectuate an initial business
combination, blank check companies have, in the recent past, amended various provisions of their charters and modified governing instruments.
We cannot assure you that we will not seek to amend our amended and restated certificate of incorporation or governing instruments in
a manner that will make it easier for us to complete our initial business combination that our stockholders may not support.

In order to effectuate a business
combination, blank check companies have, in the recent past, amended various provisions of their charters and modified governing instruments.
For example, blank check companies have amended the definition of business combination, increased redemption thresholds and extended the
time period in which the company must consummate its initial business combination. We cannot assure you that we will not seek to amend
our charter or governing instruments in order to effectuate our initial business combination.

Certain agreements related to our initial public
offering may be amended without stockholder approval.

Certain agreements, including
the underwriting agreement relating to our initial public offering, the investment management trust agreement between us and Continental
Stock Transfer & Trust Company, the letter agreements and the registration rights agreement among us and our sponsor, executive officers
and directors, the administrative services agreement between us and our sponsor, and the business combination marketing agreement may
be amended without stockholder approval. These agreements contain various provisions that our public stockholders might deem to be material.
While we do not expect our board of directors to approve any amendment to any of these agreements prior to our initial business combination,
it may be possible that our board of directors, in exercising its business judgment and subject to its fiduciary duties, chooses to approve
one or more amendments to any such agreement in connection with the consummation of our initial business combination. Any such amendment
may have an adverse effect on the value of an investment in our securities.

35

Our initial stockholders control a substantial
interest in us and thus may exert a substantial influence on actions requiring a stockholder vote, potentially in a manner that you do