Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 9

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 9
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 of assets
     
    No
  
    Purchase of stock of target not involving a merger with the company
     
    No
  
    Merger of target into a subsidiary of the company
     
    No
  
    Merger of the company with a target
     
    Yes

Under Nasdaq’s listing
rules, stockholder approval would be required for our initial business combination if, for example:

●we
issue shares of common stock that will be equal to or in excess of 20% of the number of shares of our common stock then outstanding (other
than in a public offering);

●any
of our directors, officers or substantial stockholders (as defined by Nasdaq rules) has a 5% or greater interest (or such persons collectively
have a 10% or greater interest), directly or indirectly, in the target business or assets to be acquired or otherwise and the present
or potential issuance of common stock could result in an increase in outstanding common shares or voting power of 5% or more; or

●the
issuance or potential issuance of common stock will result in our undergoing a change of control.

4

Permitted purchases of our securities

In the event we seek stockholder
approval of our business combination and we do not conduct redemptions in connection with our business combination pursuant to the tender
offer rules, our initial stockholders, directors, officers, advisors or their affiliates may purchase shares in privately negotiated transactions
or in the open market either prior to or following the completion of our initial business combination. However, they have no current commitments,
plans or intentions to engage in such transactions and have not formulated any terms or conditions for any such transactions. None of
the funds in the trust account will be used to purchase shares in such transactions. They will not make any such purchases when they are
in possession of any material non-public information not disclosed to the seller or if such purchases are prohibited by Regulation M under
the Exchange Act. Such a purchase may include a contractual acknowledgement that such stockholder, although still the record holder of
our shares is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption rights. We have an insider trading
policy that requires insiders to: (i) refrain from purchasing shares during certain blackout periods and when they are in possession of
any material non-public information and (ii) to clear all trades with our legal counsel prior to execution. We cannot currently determine
whether our insiders will make such purchases pursuant to a Rule