Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 58

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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4, 2024, the Company
made a deposit of $34,376 for the September extension contribution. In October 2024, $595,439 was paid from the trust account to redeeming
stockholders in connection with the extension that took place at the September 19, 2024 stockholders meeting. On December 13, 2024, the
Company made a deposit of $68,752 for the October and November extension contributions. On December 23, 2024, the Company made a deposit
of $34,376 for the December extension contribution. 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 special meeting to approve an extension of time for the Company to consummate an initial business combination from March 22, 2025
to June 22, 2025. The meeting was adjourned until March 21, 2025, at which the stockholders approve the extension of the business combination
period until June 22, 2025. As a condition of the extension, the Company contributed $30,000 to the Trust Account, for the entire extension
period, on March 21, 2025.

On June 9, 2025, the Company held its a special
meeting of stockholders. At the meeting, the Company’s stockholders approved Merger Agreement and the actions and transactions
contemplated thereby, including (i) adopt an amended and restated Certificate of Incorporation, to be effective upon closing of the Merger
(ii) approving certain advisory proposals related to the amended and restated Certificate of Incorporation, (iii) approved the issuance
of new shares of the Company’s Common Stock as merger consideration, (iv) elected new directors, and (v) approved new employee
incentive plans.

In connection with the meeting, the holders of
52,784 Public Shares properly exercised their right to redeem, with 5,295,527 shares of Common