Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 187

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 187
---
4, the Company held a special
meeting of stockholders. At the meeting, the Company’s stockholders approved an amendment to the Company’s amended and restated
certificate of incorporation to extend the date by which the Company must consummate its initial Business Combination to March 22, 2025.
In connection with the approval of the extension amendment, holders of 50,556 shares of the Company’s common stock exercised
their right to redeem, with 5,881,269 shares of common stock remaining outstanding after the redemption; 687,519 shares of common stock
remaining outstanding after the redemption are shares issued in connection with our initial public offering. Consequently, the contribution
is $34,376 per month needed for the Company to continue to extend the Combination Period monthly. On October 4, 2024, the Company
made a deposit of $34,376 for the September extension contribution. In October 2024, $595,439 was paid from the trust account to redeeming
stockholders in connection with the extension that took place at the September 19, 2024 stockholders meeting. On December 13, 2024, the
Company made a deposit of $68,752 for the October and November extension contributions. On December 23, 2024, the Company made a deposit
of $34,376 for the December extension contribution. On February 27, 2025, the Company made a deposit of $49,376 for 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 special meeting to approve an extension of time for the Company to consummate an initial business combination from March 22, 2025
to June 22, 2025. The meeting was adjourned until March 21, 2025, at which the stockholders approve the extension of the business combination
period until June 22, 2025. As a condition of the extension, the Company contributed $30,000 to the Trust Account, for the entire extension
period, on March 21,