Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 399

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 399
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 of operations a gain or loss from the change in fair value of the warrant liabilities in the period in which the change occurred. Liquidity and Going Concern As of September 30, 2024, we had $533 in cash and a working capital deficit of $4,483,517. For the nine months ended September 30, 2024, cash used in operating activities was $969,296. Net loss of $1,126,587 was impacted primarily by trust interest income of $333,934, change in fair value of convertible note of $140,719 and change in fair value of our warrant liabilities of $496,020. Changes in operating assets and liabilities reflected cash provided of $135,924 from operating activities during such period. For the nine months ended September 30, 2024, cash provided by investing activities included $347,847 of extension payments made to the trust, $204,459 of reimbursement from the trust of franchise and income tax payments and cash withdrawn from the trust of $2,653,439 in relation to stock redemptions. For the nine months ended September 30, 2024, cash used in financing activities included $787,981 of proceeds from a convertible promissory note, $320,717 of an advance from Profusa and $2,653,439 paid out in relation to stock redemptions. For the nine months ended September 30, 2023, cash used in operating activities was $1,719,650. Net income of $925,939 was impacted primarily by trust interest income of $2,103,111, change in fair value of convertible note of $111,776, change in deferred tax provision of $36,940 and change in fair value of our warrant liabilities of $190,079. Changes in operating assets and liabilities reflected a use of cash of $203,683 from operating activities during such period. For the nine months ended September 30, 2023, cash provided by investing activities included $340,947 of extension payments made to the trust, $1,171,438 of reimbursement from the trust of franchise and income tax payments and cash withdrawn from the trust of $184,845,836 in relation to a partial stock redemption. For the nine months ended September 30, 2023, cash used in financing activities included $713,015 of proceeds from a convertible promissory note and cash withdrawn from the trust of $184,845,836 in relation to a partial stock redemption. Prior