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Item 5. Market for Registrant’s Common Equity

2026-04-15 compared with 2025-03-31 · 13 added, 62 removed, 0 unchanged (100% of the section changed)

MARKET FOR REGISTRANT’S COMMON

EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our units commenced public

trading on December 20, 2021, under the symbol “NVACU”.

Our shares of common stock, rights, and warrants began separate trading

on January 21, 2022, under the symbols “NVAC,” “NVACR,” and “NVACW” respectively, and our units ceased

trading on such separation date.

On December 27, 2024, the common stock, rights, and warrants began to be quoted on the OTC Pink

Sheets under the same symbols.

As of March 28, 2025, there

were four holders of record for our shares common stock, one holder of record of our rights, and five holders of record of our warrants.

We have not paid any cash

dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of a business combination.

of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition

subsequent to completion of a business combination.

The payment of any cash dividends subsequent to a business combination will be within

the discretion of our board of directors at such time.

In addition, our board of directors is not currently contemplating and does not

anticipate declaring any stock dividends in the foreseeable future.

Further, if we incur any indebtedness, our ability to declare dividends

may be limited by restrictive covenants we may agree to in connection therewith.

Recent Sales of Unregistered Securities;

Use of Proceeds from Registered

On December 22, 2021, we consummated

our initial public offering (“IPO”) of 18,975,000 units, including the issuance of 2,475,000 units as a result of the underwriters’

exercise of their over-allotment option in full.

The units were sold at a price of $10.00 per unit, generating gross proceeds of $189,750,000.

Simultaneously with the closing

of the IPO, pursuant to certain subscription agreements, we completed a private sale of an aggregate of 7,347,500 private placement warrants

to our sponsor, I-Bankers, and Dawson James at a purchase price of $1.00 per private placement warrant, generating gross proceeds to the

Company of $7,347,500.

The private placement warrants are identical to the public warrants sold in the IPO except that the private placement

(i) will not be redeemable by us and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are

held by the initial purchasers or any of their permitted transferees.

If the private placement warrants are held by holders other than

the initial purchasers or any of their permitted transferees, the private placement warrants will be redeemable by us and exercisable

by the holders on the same basis as the public warrants included in the units sold in the IPO.

No underwriting discounts or commissions

were paid with respect to such sale.

The issuance of the private placement warrant was made pursuant to the exemption from registration

contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

I-Bankers and Dawson James

were representatives of the several underwriters.

The securities sold in the IPO were registered under the Securities Act on registration

statements on Form S-1 (Nos.

333-257156 and 333-261763).

The SEC declared the registration statement effective on December 20, 2021.

We paid a total of $3,450,000

in underwriting discounts and commissions and $609,623 for other costs and expenses related to the IPO.

I-Bankers and Dawson James, representatives

of the several underwriters in the IPO, received a portion of the underwriting discounts and commissions related to the IPO.

We also repaid

the promissory note to the Sponsor from the proceeds of the IPO.

After deducting the underwriting discounts and commissions and incurred

offering costs, the total net proceeds from our IPO and the sale of the private placement warrants was $193,647,500, of which $191,647,500

(or $10.10 per unit sold in the IPO) was placed in the trust account.

Other than as described above, no payments were made by us to directors,

officers or persons owning ten percent or more of our common stock or to their associates, or to our affiliates.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

There were no such repurchases

of our equity securities by us or an affiliate during the fourth quarter of the fiscal year covered by the Report.

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

information for common stock

common stock is listed on the Nasdaq Stock Market LLC under the symbol “PFSA.”

of April 14, 2026, we had 178 holders of record of common stock.

The actual number of stockholders of our Common Stock is greater than

the number of record holders and includes holders of our Common Stock whose shares of Common Stock are held in street name by brokers

and other nominees.

have never declared or paid, and do not anticipate declaring or paying in the foreseeable future, any cash dividends on our capital stock.

Any future determination to declare cash dividends will be made at the discretion of our board of directors, subject to applicable laws,

and will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors

that our board of directors may deem relevant.

Sales of Equity Securities

Purchases of Equity Securities

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity