Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 1167

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1167
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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, $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