Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 357

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 357
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ivalents and Restricted Cash

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. At June 30, 2025 and December 31, 2024, the Company had $ and $0 of restricted cash, respectively, related to funds withdrawn from the Trust Account reserved for the payment of income and state franchise taxes. The Company did not have any cash equivalents as of June 30, 2025 and December 31, 2024.

Cash Held in Trust Account

At June 30, 2025 and December 31, 2024, substantially all of the assets held in the Trust Account were held in an interest-bearing demand deposit account at a bank.

During the six months ended June 30, 2025, pursuant to the trust agreement dated as of December 20, 2021 between the Company and Continental Stock Transfer & Trust Company (“CST”), the trustee of the Trust Account, $ of interest income from the Trust Account was withdrawn by the Company for the payment of franchise and income taxes.

During the six months ended June 30, 2024, pursuant to the trust agreement dated as of December 20, 2021 between the Company and Continental Stock Transfer & Trust Company (“CST”), the trustee of the Trust Account, $ of interest income from the Trust Account was withdrawn by the Company for the payment of franchise and income taxes.

Cash

|      |     |   | Fair Value 
      as of 
   June 30, 
       2025 |     |   |   Fair Value 
        as of 
 December 31, 
         2024 |
|:-----|:----|:--|-----------:|:----|:--|-------------:|
| Cash |     | $ |  1,935,561 |     | $ |    8,330,835 |

On December 21, 2023, the Company held a special meeting of stockholders to vote on extending the Combination Period. As a result, the Company extended the Combination Period from December 22, 2023 to March 22, 2024, which was later extended to March 22, 2025. In connection with the extension voted on December 21, 2023, shares of the Company’s common stock were redeemed. In January 2024, $ was paid from the Trust Account to redeeming stockholders in connection with the extension. As a result, the Company recorded