Profusa, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
PFSA$0.55-0.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(8,711,619) | $1,161,910 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Interest income on cash and marketable securities held in Trust Account | (425,416) | (2,248,538) |
| Change in fair value of warrant liabilities | 539,531 | (701,148) |
| Changes in fair value of convertible promissory note | 7,165,953 | (177,697) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (7,416) | 311,468 |
| Accounts payable and accrued expenses | 235,369 | 634 |
| Prepaid income taxes | (30,492) | — |
| Income tax payable | (49,061) | (413,210) |
| Deferred tax liability | (13,661) | (23,279) |
| Due to related party | — | 25,000 |
| Net cash used in operating activities | (1,296,812) | (2,064,860) |
| Cash flows from investing activities: | ||
| Payment of extension fee into Trust Account | (485,350) | (438,360) |
| Cash withdrawn from Trust Account in connection with redemption | 3,248,878 | 184,845,836 |
| Reimbursement of franchise and income taxes from Trust Account | 204,459 | 1,192,438 |
| Net cash provided by investing activities | 2,967,987 | 185,599,914 |
| Cash flows from financing activities: | ||
| Proceeds from convertible promissory note | 797,981 | 1,121,815 |
| Advance from Profusa | 791,407 | — |
| Redemption of common stock | (3,248,878) | (184,845,836) |
| Net cash used in financing activities | (1,659,490) | (183,724,021) |
| Net change in cash | 11,685 | (188,967) |
| Cash, beginning of the year | 4,519 | 193,486 |
| Cash, end of the year | $16,204 | $4,519 |
| Supplemental disclosure of cash flow information: | ||
| Income taxes paid, inclusive of interest and penalties | $173,727 | $912,437 |
| Excise tax payable attributable to redemption of common stock | $16,838 | $1,864,106 |
| Accretion of common stock to redemption value | $768,980 | $2,137,638 |
| Reclassification of common stock subject to redemption to common stock to be redeemed | $— | $1,565,078 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.