Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 791

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 791
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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 shares issued in connection with the initial public offering. Consequently, the contribution is $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.

F-8

On September 19, 2024, the Company held an extraordinary
general 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 shares issued in connection with our initial
public offering. 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