Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 420

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 420
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 of $80,513, change in fair value of our warrant liabilities of $539,531 and change in fair value of convertible note of $7,165,953, offset by interest income on securities held in the Trust Account of $425,416. For the year ended December31, 2023, we had net income of $1,161,910, which consisted of interest income on securities held in the Trust Account of $2,248,538 and a gain of $701,148 for the change in fair value of our warrant liabilities and change in fair value of convertible note of $177,697, offset by operating costs of $1,508,683, and income tax provision of $456,790. Liquidity and Going Concern As of December31, 2024, we had $16,204 in cash and a working capital deficit of $12,254,024. For the year ended December31, 2024, cash used in operating activities was $1,296,812. Net loss of $8,711,619 was impacted primarily by trust interest income of $425,416, change in fair value of convertible note of $7,165,953 and change in fair value of our warrant liabilities of $539,531. Changes in operating assets and liabilities reflected cash provided by operating activities of $134,739 during such period. For the year ended December31, 2024, cash provided by investing activities included $485,350 of extension payments made to the trust, $204,459 of reimbursement from the trust of franchise and income tax payments and cash withdrawn from the trust of $3,248,878 in relation to stock redemptions. For the year ended December31, 2024, cash used in financing activities included $797,981 of proceeds from a convertible promissory note, $791,407 of an advance from Profusa and $3,248,878 paid out in relation to stock redemptions. 227 For the year ended December31, 2023, cash used in operating activities was $2,064,860. Net income of $1,161,910 was impacted primarily by trust interest income of $2,248,538, change in fair value of convertible note of $177,697, change in fair value of our warrant liabilities of $701,148. Changes in operating assets and liabilities reflected a use of cash of $99,387 from operating activities during such period. For the year ended December31, 2023