Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 344

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 344
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. The Company provided its public stockholders with the opportunity to redeem all or a portion of their public shares upon the completion of the initial Business Combination in connection with a stockholder meeting called to approve the initial Business Combination. The decision as to whether the Company will seek stockholder approval of a proposed initial Business Combination or conduct a tender offer was made by the Company, solely in its discretion. The stockholders were entitled to redeem all or a portion of their public shares upon the completion of the initial Business Combination at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account as of two business days prior to the consummation of the initial Business Combination, including interest (which interest shall be net of taxes payable) divided by the number of then outstanding public shares, subject to the limitations described herein. The per share amount the Company distributed to investors who properly redeemed their shares was not reduced by the fee payable to I -Bankersand Dawson James pursuant to the Business Combination Marketing Agreement (see Note 6). On March 10, 2023, the Company held a vote to amend its amended and restated certificate of incorporation to extend the date by which the Company must consummate a Business Combination from March 22, 2023 to December 22, 2023 (the “First Extension Meeting”). 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. In connection with the extension, 140,663shares of the Company’s common stock were redeemed, with 6,027,219shares of Common Stock remaining outstanding after the Redemption; 833,469shares of Common Stock remaining outstanding after the Redemption are shares issued in connection with our IPO (the “Public Shares”). In January 2024, $ 1,565,078was paid from the Trust Account to redeeming stockholders in connection with the extension. On January 2, 2024, the Company and Continental Stock Transfer & Trust Company (“CST”) entered into Amendment No. 1 to Investment Management Trust Agreement, dated December 20, 2021, by and between the Company and CST, to allow CST, upon written instruction of the Company, to (i) hold the funds in the Company’s trust account uninvested or (ii) hold the funds in an interest -bearingbank