Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 345

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 345
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mate its initial Business Combination to March 22, 2025. In connection with the approval of the extension amendment, holders of 50,556shares of the Company’s common stock exercised their right to redeem, with 5,881,269shares of common stock remaining outstanding after the redemption; 687,519shares of common stock remaining outstanding after the redemption are Public Shares. Consequently, the contribution is $ 34,376per month needed for the Company to continue to extend the Combination Period monthly. On December 13, 2024, the Company made a deposit of $ 68,752for the October and November extension contributions and on December 23, 2024, the Company made a deposit of 34,376for the December extension contribution. In October 2024, $ 595,439was paid from the trust account to redeeming stockholders in connection with the extension. On February 27, 2025, the Company made a deposit of $ 49,376for 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 meeting and the stockholders approved the extension of the business combination period until June 22, 2025. In connection with the approval of the extension amendment, holders of 532,958shares of the Company’s common stock exercised their right to redeem, for an aggregate redemption amount of approximately $ 6.5million, with 5,348,311shares of common stock remaining outstanding after the redemption; 154,561shares of common stock remaining outstanding after the redemption are Public Shares. As a condition of the extension, the Company contributed $ 30,000to the Trust Account, for the entire extension period, on March 21, 2025. Additionally, the stockholders at the meeting approved the amendment of the Company’s charter to remove the requirement that prevented the Company from redeeming public shares to the extent that it would cause the Company’s net tangible assets to be less than $ 5,000,001(the “NTA Requirement”), and our charter was amended on March 21, 2025 to reflect