Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 372

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 372
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ances in connection with a Business Combination (or otherwise issued F-90 NORTHVIEW ACQUISITION CORPORATION
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1 — Description of Organization and Business Operations (cont.) not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination. On March 22, 2023 and December 21, 2023, the Company’s stockholders redeemed 18,000,868and 140,663shares, respectively, for a total of $ 184,845,836and $ 1,565,078, respectively. On March 26, 2024, the Company’s stockholders redeemed 95,394shares for a total of $ 1,088,361. On September 30, 2024, the Company’s stockholders redeemed 50,556shares for a total of $ 595,439. On March 26, 2025, the Company’s stockholders redeemed 532,958shares for a total of $ 6,510,830. On June 16, 2025, the Company’s stockholders redeemed 52,784shares for a total of $ 661,012. The Company determined that an excise tax liability should be recorded due to the redeemed shares. As of June 30, 2025 and December 31, 2024, the Company has a charge to stockholders’ deficit of $ 1,952,662and $ 1,880,944of excise tax liability, including $ 71,718and $ 16,838charged during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively, calculated as 1% of the value of shares redeemed. On July 3, 2024, the Treasury issued final regulations with respect to the procedure and administration of the Excise Tax. These regulations provided that the filing and payment deadline for any liability incurred during the period from January 1, 2023 to December 31, 2023 would be October 31, 2024. As of June 30, 2025 and the date of this report, the excise tax was not paid and