Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 1406

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 1406
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 Stockholders’ Deficit 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $684,483  
    $449,114 
  
    Advance from Profusa 
     791,407  
     — 
  
    Excise tax payable 
     1,880,944  
     1,864,106 
  
    Common stock to be redeemed (1) 
     —  
     1,565,078 
  
    Income tax payable 
     —  
     49,061 
  
    Convertible promissory note – related party 
     8,908,052  
     944,118 
  
    Due to related party 
     50,000  
     50,000 
  
    Total Current Liabilities 
     12,314,886  
     4,921,477 

    Deferred tax liability 
     —  
     13,661 
  
    Warrant liabilities 
     696,170  
     156,639 
  
    Total Liabilities 
     13,011,056  
     5,091,777 

    Commitments and Contingencies (Note 6) 

    Common stock subject to possible redemption, 687,519 and 833,469 shares at redemption value of approximately $12.13 and $11.10 at December 31, 2024 and 2023, respectively 
     8,337,388  
     9,252,208 

    Stockholders’ Deficit: 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,193,750 shares issued and outstanding at December 31, 2024 and 2023 (excluding 687,519 and 833,469 shares subject to possible redemption at December 31, 2024 and 2023, respectively) 
     519  
     519 
  
    Accumulated deficit 
     (12,957,266) 
     (3,459,829)
  
    Total Stockholders’ Deficit 
     (12,956,747) 
     (3,