Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 782

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 782
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    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) 
     (3,459,310)
  
    Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit 
    $8,391,697  
    $10,884,675 

(1)In
connection with the special meeting of stockholders to vote on extending the Combination Period, on December 21, 2023, 140,663 shares
of the Company’s common stock were redeemed at a per share price of $11.13. In January 2024, $1,565,078 was paid from the Trust
Account to redeeming stockholders in connection with the extension. As a result, the Company has recorded a liability of $1,565,078 as