Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 57

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 57
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 and, as a result,
the market price of our common stock.

As a public company, we are required to comply
with the requirements of the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, including, among other things, that we maintain effective
disclosure controls and procedures and internal control over financial reporting. We continue to develop and refine our disclosure controls
and other procedures that are designed to ensure that information we are required to disclose in the reports that we will file with the
SEC are recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and that information required
to be disclosed in reports under the Exchange Act, is accumulated and communicated to our management, including our principal executive
and financial officers.

In order to maintain and improve the effectiveness
of our disclosure controls and procedures and internal control over financial reporting, we have expended, and anticipate that we will
continue to expend, significant resources, including dedicated to internal resources. We may also need to engage outside consultants and
adopt a detailed work plan to assess and document the adequacy of our internal control over financial reporting. If any of these new or
improved controls and systems do not perform as expected, we may experience material weaknesses in our controls. Moreover, our testing,
or the subsequent testing by our independent registered public accounting firm, may reveal additional deficiencies in our internal control
over financial reporting that are deemed to be material weaknesses.

Any failure to implement and maintain effective
disclosure controls and procedures and internal control over financial reporting, including the identification of one or more material
weaknesses, could cause investors to lose confidence in the accuracy and completeness of our financial statements and reports, which would
likely adversely affect the market price of our common stock. In addition, we could be subject to sanctions or investigations by the stock
exchange on which our common stock is listed, the SEC and other regulatory authorities.

Past performance by our management team may
not be indicative of future performance of an investment in us.

Information regarding performance
by, or businesses associated with, our management team is presented for informational purposes only. Any past experience and performance
of our management team is not a guarantee either: (a) that we will be able to successfully identify a suitable candidate for our initial
business combination; or (b) of any results with respect to any initial business combination we may consummate. You should not rely on
the historical record of our management team’s performance as indicative of