Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 504

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 504
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 the numerator and denominator used to compute basic and diluted net (loss) income per share
for each category of common stock:

    For the Year Ended December 31, 2024  
    For the Year Ended December 31, 2023 

    Common stock subject to possible redemption  
    Common stock  
    Common stock subject to possible redemption  
    Common stock 
  
    Basic and diluted net (loss) income per share: 

    Numerator: 

    Allocation of net (loss) income 
    $(1,096,239) 
    $(7,615,380) 
    $562,049  
    $599,861 

    Denominator: 

    Weighted-average shares outstanding 
     747,644  
     5,193,750  
     4,866,356  
     5,193,750 
  
    Basic and diluted net (loss) income per share 
    $(1.47) 
    $(1.47) 
    $0.12  
    $0.12 

Common
Stock Subject to Possible Redemption

The
Company’s common stock sold as part of the Units in the IPO (“public common stock”) contain a redemption feature which
allows for the redemption of such public shares in connection with the Company’s liquidation, or if there is a stockholder vote
or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies
public common stock outside of permanent equity as the redemption provisions are not solely within the control of the Company. The public
common stock was issued with other freestanding instruments (i.e., Public Warrants) and as such, the initial carrying value of public
common stock classified as temporary equity was the allocated proceeds determined in accordance with ASC 470-20.

As
of December 31, 2024 and 2023, the amount of public common stock reflected on the consolidated balance sheets is reconciled in the following
table:

    Contingently redeemable common stock, December 31, 2022 
     193,525,484 
  
    Less: 

    Partial redemption 
     (186,410,914)
  
    Plus: 

    Accretion of redeemable common stock 
     2,137,638 
  
    Contingently redeemable common stock, December 31, 2023