Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 3

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 3
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 public offering to complete a Business Combination. On March 10, 2023, the Company held a vote
to amend its amended and restated certificate of incorporation to extend the date by which the Company must consummate a Business Combination
from March 22, 2023 to December 22, 2023 (the “First Extension Meeting”). On December 21, 2023, the Company held a vote to
amend its amended and restated certificate of incorporation to extend the date by which the Company must consummate a Business Combination
from December 22, 2023 to March 22, 2024 (the “Second Extension Meeting”). On March 21, 2024, the Company held a vote
to amend its amended and restated certificate of incorporation to extend the date by which the Company must consummate a Business Combination
from March 22, 2023 to September 22, 2024 (the “Third Extension Meeting”). On September 19, 2024, the Company held a
vote to amend its amended and restated certificate of incorporation to extend the date by which the Company must consummate a Business
Combination from September 22, 2024 to March 22, 2025 (the “Fourth Extension Meeting”). On March 21, 2025, the Company had
the Special Meeting. At the Special Meeting, shareholders approved an extension for the Company to consummate an initial business combination
from March 22, 2025 to June 22, 2025 (the “Fifth Extension Meeting”). If the Company is unable to complete a Business Combination
within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably
possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the
aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously
released to the Company to pay taxes, divided by the number of then outstanding Public Shares, which redemption will completely extinguish
public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject
to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s
remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case