Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 342

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 342
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 with further disaggregation required for significant individual jurisdictions. ASU 2023-09 will become effective for annual periods beginning after December 15, 2024. The Company is still reviewing the impact of ASU 2023-09. Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements. Note 3 — Initial Public Offering Public Units On December 22, 2021, the Company sold 18,975,000Units, (which included 2,475,000Units issued pursuant to the full exercise of the over-allotment option) at a purchase price of $ 10.00per Unit. Each unit that the Company is offering has a price of $ 10.00and consists of oneshare of common stock, one right, and one-half of one redeemable warrant. Each right entitles the holder thereof to receive one-tenth (1/10) of oneshare of common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase oneshare of common stock at a price of $ 11.50per share, subject to adjustment as described herein. Public Warrants Each whole warrant entitles the holder to purchase oneshare of common stock at a price of $ 11.50per share, subject to adjustment as discussed herein. In addition, if (x) the Company issues additional shares of common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $ 9.20per share of common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the initial stockholders or their affiliates, without taking into account any founder shares held by such stockholders or their affiliates, as applicable, prior to such issuance (the “Newly Issued Price”)), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for funding the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates the Business Combination (such price, the “Market Value”) is below