Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 14

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 14
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 connection with this
extensions, NorthView or its designee to contributed funds to the Trust Account. Any such payments have been and will be made in the form
of a loan. Any such loans will be non-interest bearing and payable upon the consummation of our initial business combination. If we complete
our initial business combination, we would repay such loaned amounts out of the proceeds of the Trust Account released to us. If we do
not complete a business combination, we will not repay such loans. Furthermore, the letter agreement with our initial stockholders contains
a provision pursuant to which our sponsor has agreed to waive its right to be repaid for such loans out of the funds held in the Trust
Account in the event that we do not complete a business combination. In the event that we receive notice from our sponsor five days prior
to the applicable deadline of its wish for us to effect an extension, we intend to issue a press release announcing such intention at
least three days prior to the applicable deadline. In addition, we intend to issue a press release the day after the applicable deadline
announcing whether or not the funds had been timely deposited. Our sponsor and its affiliates or designees are not obligated to fund the
Trust Account to extend the time for us to complete our initial business combination. If we choose to extend the period of time to consummate
a business combination as set forth herein, you will not have the ability to vote or redeem your shares of common stock in connection
with either of the three-month extensions. However, if we seek to complete a business combination during an extension period, investors
will still be able to vote and redeem their shares of common stock in connection with that business combination.

See “Recent Developments
- Extension Meeting” above for information about our extension of the combination period from our shareholders.

Manner of Conducting Redemptions

We will provide our public
stockholders with the opportunity to redeem all or a portion of their shares of common stock upon the completion of our initial business
combination either (i) in connection with a stockholder meeting called to approve the business combination or (ii) by means of a tender
offer. The decision as to whether we will seek stockholder approval of a proposed business combination or conduct a tender offer will
be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the
terms of the transaction would require us to seek stockholder approval under the law or