Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 386

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 386
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539,531  
     (701,148)
  
    Changes in fair value of convertible promissory note 
     7,165,953  
     (177,697)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses and other current assets 
     (7,416) 
     311,468 
  
    Accounts payable and accrued expenses 
     235,369  
     634 
  
    Prepaid income taxes 
     (30,492) 
     — 
  
    Income tax payable 
     (49,061) 
     (413,210)
  
    Deferred tax liability 
     (13,661) 
     (23,279)
  
    Due to related party 
     —  
     25,000 
  
    Net cash used in operating activities 
     (1,296,812) 
     (2,064,860)

    Cash flows from investing activities: 

    Payment of extension fee into Trust Account 
     (485,350) 
     (438,360)
  
    Cash withdrawn from Trust Account in connection with redemption 
     3,248,878  
     184,845,836 
  
    Reimbursement of franchise and income taxes from Trust Account 
     204,459  
     1,192,438 
  
    Net cash provided by investing activities 
     2,967,987  
     185,599,914 

    Cash flows from financing activities: 

    Proceeds from convertible promissory note 
     797,981  
     1,121,815 
  
    Advance from Profusa 
     791,407  
     — 
  
    Redemption of common stock 
     (3,248,878) 
     (184,845,836)
  
    Net cash used in financing activities 
     (1,659,490) 
     (183,724,021)

    Net change in cash 
     11,685  
     (188,967)
  
    Cash, beginning of the year 
     4,519  
     193,486 
  
    Cash, end of the year 
    $16,204  
    $4,519 
  
    Supplemental disclosure of cash flow information: 

    Income taxes paid, inclusive of interest and penalties