Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 327

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 327
---
 the Company to continue to extend the Combination Period monthly. On December13, 2024, the Company made a deposit of $ 68,752for the October and November extension contributions and on December23, 2024, the company made a deposit of 34,376for the December extension contribution. In October 2024, $ 595,439was paid from the trust account to redeeming stockholders in connection with the extension. On February27, 2025, the Company made a deposit of $ 49,376for the January extension contribution and a portion ($ 15,000) of the February extension contribution. On March7, 2025, the Company deposited the remainder of the February extension contribution of $ 19,376, plus interest. On March18, 2025, the company commenced a special meeting of stockholders, which was adjourned until March21, 2025 without conducting any business. On March21, 2025, the Company reconvened the meeting and the stockholders approved the extension of the business combination period until June22, 2025. In connection with the approval of the extension amendment, holders of 532,958shares of the Company’s common stock exercised their right to redeem, for an aggregate redemption amount of approximately $ 6.5million, with 5,348,311shares of common stock remaining outstanding after the redemption; 154,561shares 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 $ 30,000to the Trust Account, for the entire extension period, on March21, 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 March21, 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