Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 4

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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54,000)
  
    Accounts payable and accrued expenses 
     249,387  
     165,173 
  
    Income tax payable 
     —  
     35,115 
  
    Prepaid income taxes 
     19,352  
     — 
  
    Prepaid Franchise taxes 
     (19,400) 
     — 
  
    Due to related party 
     (8,820) 
     78,815 
  
    Deferred tax benefit 
     —  
     (13,661)
  
    Net cash used in operating activities 
     (362,441) 
     (280,853)

    Cash flows from investing activities: 

    Payment of extension fee into Trust Account 
     (99,284) 
     (125,021)
  
    Cash withdrawn from Trust Account in connection with redemption 
     6,510,830  
     2,653,439 
  
    Reimbursement of franchise and income taxes from Trust Account 
     78,813  
     28,484 
  
    Net cash provided by investing activities 
     6,490,359  
     2,556,902 

    Cash flows from financing activities: 

    Proceeds from convertible promissory note 
     —  
     378,185 
  
    Advance from Profusa 
     385,158  
     — 
  
    Redemption of common stock 
     (6,510,830) 
     (2,653,439)
  
    Net cash used in financing activities 
     (6,125,672) 
     (2,275,254)

    Net change in cash 
     2,246  
     795 
  
    Cash, beginning of the period 
     16,204  
     4,519 
  
    Cash, end of the period 
    $18,450  
    $5,314 
  
    Supplemental disclosure of cash flow information: 

    Excise tax payable attributable to redemption of common stock 
    $65,108  
    $10,884 
  
    Accretion of common stock to redemption value 
    $155,999  
    $205,732 
  
    Reconciliation of Cash and Restricted Cash: 

    cash, beginning of the period 
     16,204