Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 357

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 357
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, 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 paid from the trust account to redeeming stockholders in
connection with the extension. On February 27, 2025, the Company made a deposit of $49,376 for the January extension contribution and
a portion ($15,000) of the February extension contribution. On March 7, 2025, the Company deposited the remainder of the February extension
contribution of $19,376, plus interest.

On March 18, 2025, the company
commenced a special meeting of stockholders, which was adjourned until March 21, 2025 without conducting any business. On March 21, 2025,
the Company reconvened the meeting and the stockholders approved the extension of the business combination period until June 22, 2025.
In connection with the approval of the extension amendment, holders of 532,958 shares of the Company’s common stock exercised their
right to redeem, for an aggregate redemption amount of approximately $6.5 million, with 5,348,311 shares of common stock remaining outstanding
after the redemption; 154,561 shares of common stock remaining outstanding after the redemption are shares issued in connection with our
initial public offering. As a condition of the extension, the Company contributed $30,000 to the Trust Account, for the entire extension
period, on March 21, 2025. Additionally, the stockholders at the meeting approved the amendment of the Company’s charter to remove
the requirement that prevented the Company from redeeming public shares to the extent that it would cause the Company’s net tangible
assets to be less than $5,000,001 (the “NTA Requirement”), and our charter was amended on March 21, 2025 to reflect the extension
of the business combination and the removal of the NTA Requirement.

All of the Public Shares,
or shares of our common stock sold as part of the IPO, contain a redemption feature which allows for the redemption of such Public Shares
in connection with our liquidation, if there is a stockholder vote or tender offer in connection with our initial business combination
and in connection with certain amendments to our amended and restated certificate of incorporation. In accordance with SEC and its guidance