Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 567

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 567
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|:----|-------------:|:--|:----|-------------:|:--|
| Statutory federal income tax rate           |     |         21.0 | % |     |         21.0 | % |
| Change in fair value of warrant liabilities |     |        (11.4 | ) |     |        (17.4 | ) |
| Business combination expenses               |     |          5.8 |   |     |            — |   |
| Penalties and interest                      |     |          0.2 |   |     |            — |   |
| Change in valuation allowance               |     |         12.6 |   |     |          2.9 |   |
| Income tax provision                        |     |         28.2 | % |     |          6.5 | % |

The Company files income tax returns in the U.S. federal, New York and New York City jurisdictions and is subject to examination by the various taxing authorities since inception.

Note 10 — Subsequent Events 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 demand deposit account. On January 10, 2024, the Company’s Board of Directors approved, and the Company amended, its Convertible Working Capital Promissory Note (the “Note”) with the sponsor to increase the principal amount of the Note that could be drawn on to $ 1.5million. The amended and restated Note also allows for the conversion of the outstanding principal balance of the Note to be repaid in shares of Company common stock at a price of $ 2.22per share at the election of the sponsor. On January 11, 2024, we received a written notice (the “Notice”) from the Listing Qualifications Department of Nasdaq indicating that we are not in compliance with Nasdaq Listing Rule 5620(a) (the “Annual Stockholders Meeting Rule”) due to our failure to hold an annual meeting of stockholders within twelve months of the end of our fiscal year end. The Notice is only a notification of deficiency, not of imminent delisting