Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 216

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 216
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 of interest in determining to which entity a particular
business opportunity should be presented. These conflicts may not be resolved in our favor and a potential target business may be presented
to another entity prior to its presentation to us. Our amended and restated certificate of incorporation provides that we renounce our
interest in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely
in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually permitted
to undertake and would otherwise be reasonable for us to pursue.

For a complete discussion
of our executive officers’ and directors’ business affiliations and the potential conflicts of interest that you should be
aware of, please see “Management - Directors and Executive Officers,” “Management - Conflicts of Interest” and
“Certain Relationships and Related Party Transactions.”

Our executive officers, directors, security
holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.

We have not adopted a policy
that expressly prohibits our executive officers, directors, security holders and their respective affiliates from having a direct or indirect
pecuniary or financial interest in any investment to be acquired or disposed of by us or in any transaction to which we are a party or
have an interest. In fact, we may enter into a business combination with a target business that is affiliated with our directors or executive
officers, although we do not currently intend to do so. Nor do we have a policy that expressly prohibits any such persons from engaging
for their own account in business activities of the types conducted by us. Accordingly, such persons or entities may have a conflict between
their interests and ours.

Since our initial stockholders, including our
sponsor, executive officers and directors, will lose their entire investment in us if our initial business combination is not completed,
a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business
combination.

Our sponsor holds 4,743,750
founder shares. Certain members of our management team also have a financial interest in our sponsor. The founder shares held by our sponsor
will be worthless if we do not complete an initial business combination. In addition, our sponsor purchased 5,162,500 private placement
warrants, for an aggregate purchase price of $5,162,500. All of the foregoing private placement warrants will also be worthless if we
do not consummate our initial business combination. The personal and financial interests of