Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 582

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 582
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 in Trust Account 
     8,330,835  
     9,308,328 
  
    Total Assets 
    $8,391,697  
    $10,884,675 

    Liabilities, Redeemable Common Stock and Stockholders’ Deficit 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $684,483  
    $449,114 
  
    Advance from Profusa 
     791,407  
     — 
  
    Excise tax payable 
     1,880,944  
     1,864,106 
  
    Common stock to be redeemed (1) 
     —  
     1,565,078 
  
    Income tax payable 
     —  
     49,061 
  
    Convertible promissory note – related party 
     8,908,052  
     944,118 
  
    Due to related party 
     50,000  
     50,000 
  
    Total Current Liabilities 
     12,314,886  
     4,921,477 

    Deferred tax liability 
     —  
     13,661 
  
    Warrant liabilities 
     696,170  
     156,639 
  
    Total Liabilities 
     13,011,056  
     5,091,777 

    Commitments and Contingencies (Note 6) 

    Common stock subject to possible redemption, 687,519 and 833,469 shares at redemption value of approximately $12.13 and $11.10 at December 31, 2024 and 2023, respectively 
     8,337,388  
     9,252,208 

    Stockholders’ Deficit: 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,193,750 shares issued and outstanding at December 31, 2024 and 2023 (excluding 687,519 and 833,469 shares subject to possible redemption at December 31, 2024 and 2023, respectively) 
     519