Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 239

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 239
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 and/or withholding tax in the event we are considered a “United States real property
holding corporation” (“USRPHC”) for U.S. federal income tax purposes. In that event, Non-U.S. Holders of our common
stock could be subject to U.S. federal income or withholding tax, or both, in respect of certain distributions on, and payments in connection
with a sale, exchange, redemption, repurchase or other disposition of, our common stock. Certain Non-U.S. Holders may be eligible for
an exemption if they do not exceed certain ownership levels. Non-U.S. Holders are urged to consult their tax advisors with respect to
the U.S. federal income tax consequences of acquiring, owning and disposing of our common stock.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 1C. CYBERSECURITY 

We have no business operations.
Since our IPO, our sole business activity has been identifying and evaluating suitable acquisition transaction candidates. Therefore,
we have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk, which may make us
susceptible to heightened cybersecurity risk. Our board of directors is generally responsible for the oversight of risks from cybersecurity
threats, if there is any. We have not encountered any cybersecurity incidents since our IPO. 

ITEM 2. PROPERTIES

We currently maintain our
executive offices at 207 West 25th St, 9th Floor, New York, NY 10001. Previously, the cost for this space was included
in the $5,000 per month fee that was paid to an affiliate of one of our officers for office space, utilities, secretarial support and
other administrative and consulting services. In June 2023, the Company terminated the $5,000 fee arrangement but still maintains our
executive office at 207 West 25th St, 9th Floor, New York, NY 10001. We consider our current office space adequate
for our current operations. 

ITEM 3. LEGAL PROCEEDINGS 

To the knowledge of our management, there is no
litigation currently pending or contemplated against us, any of our officers or directors in their capacity as such or against any of
our property. 

ITEM 4. MINE SAFETY DISCLOSURE 

Not applicable.

40

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MAT