Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 380

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 380
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 a proposed business combination transaction. The Company shall pay to
A.G.P. a cash fee (the “Cash Fee”) equal to 9.0% in a convertible note offering, note, or other similar equity-linked offerings,
and shall be calculated from the face value of notes issued, which is payable at the close of a Business Combination. If the Business
Combination does not successfully close, A.G.P. will not be entitled to any cash fee.

Note 7 — Stockholders’ Deficit

Preferred stock — The
Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 and with such designations,
rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31,
2024 and 2023, there was no preferred stock issued or outstanding.

Common Stock— The
Company is authorized to issue a total of 100,000,000 shares of common stock at par value of $0.0001 each. In April 2021,
the Company issued 5,175,000 shares of common stock to its Sponsor for $25,000, or approximately $0.005 per share. In October 2021,
the Sponsor irrevocably surrendered to the Company for cancellation and for no consideration 862,500 shares 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 4,743,750
Founder Shares issued and outstanding. On December 22, 2021, the Company has also issued 450,000 shares (Representative’s
Shares) of common stock (which included 37,500 Representative 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 December 31,
2024 and 2023, there were 5,193,750 shares of common stock issued and outstanding, excluding 687,519 and 833,469 shares of common
stock subject to redemption, respectively.

Common stockholders of record
are entitled to one vote 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