Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 11

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 and restated certificate of incorporation to extend the date by which the Company must consummate a business
combination or, if it fails to do so, cease its operations and redeem or repurchase 100% of the shares of the Company’s common
stock issued in the Company’s initial public offering, from March 22, 2024, monthly for up to six additional months at the election
of the Company and only upon contribution of $0.05 per month per outstanding public share, ultimately until September 22, 2024.

In connection with the meeting, the holders of 95,394 Public
Shares properly exercised their right to redeem, with 5,931,825 shares of Common Stock remaining outstanding after the Redemption; 738,075
shares of Common Stock remaining outstanding after the Redemption are Public Shares. Consequently, the contribution was $36,904 per
month needed for the Company to continue to extend the Combination Period monthly. On May 8, 2024 and May 31, 2024, the Company made
two deposits of $36,904 each for April and May extension contributions. On September 10, 2024, the Company made a deposit of $112,114,
of which $110,714 was for June, July and August extension contributions and $1,400 for lost interest due to late trust payments.

6

On September 19, 2024, the Company held a special
meeting of stockholders (the “Meeting”). At the Meeting, the Company’s stockholders approved an amendment to the Company’s
amended and restated certificate of incorporation to extend the date by which the Company must consummate its initial Business Combination
to March 22, 2025. In connection with the approval of the extension amendment, holders of 50,556 shares of the Company’s
common stock exercised their right to redeem, with 5,881,269 shares of common stock remaining outstanding after the redemption; 687,519
shares of common stock remaining outstanding after the redemption are Public Shares. Consequently, the contribution is $34,376 per
month needed for the Company to continue to extend the Combination Period monthly. On December 13, 2024, the Company made a deposit of
$68,752 for the October and November extension contributions and on December 23, 2024, the Company made a deposit of 34,376 for the December
extension contribution. In October 2024, $595,439 was