Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 365

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 365
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 With each such re-measurement, the warrant liabilities will be adjusted to fair value, with the change in fair value recognized in the Company’s condensed consolidated statements of operations (See Note 8).

In determining the fair value of the Private Placement Warrants and the Representative’s Warrants, assumptions related to expected share-price volatility, expected life and risk-free interest rate are utilized. The Company estimates the volatility of its common stock based on historical volatility that matches the expected remaining life of the warrants.

Net Loss Per Common Stock

The Company has two categories of shares, which are referred to as common stock subject to possible redemption and common stock. Earnings and losses are shared pro rata between the two categories of shares. The potential shares of common stock for outstanding warrants to purchase the Company’s shares were excluded from diluted earnings per share for the three months ended March 31, 2025 and 2024 because the warrants are contingently exercisable, and the contingencies have not yet been met. As a result, diluted net loss per share of common stock is the same as basic net loss per share of common stock for the periods presented. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share for each category of common stock:

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share for each category of common stock:

|                                       |     | For the Three Months Ended March 31, |          |   |     |        |           |   |     |                     |          |   |     |        |           |   |
|                                       |     |                                 2025 |          |   |     |        |           |   |     |                2024 |          |   |     |        |           |   |
|                                       |     |                         Common stock 
                  subject to possible 
                           redemption |          |   |     | Common 
 stock  |           |   |     |        Common stock 
 subject to possible 
          redemption |          |   |     | Common 
 stock  |           |   |
| Basic and diluted net loss per share: |     |                                      |          |   |     |        |           |   |     |                     |          |   |     |        |           |   |
| Numerator:                            |     |                                      |          |   |     |        |           |   |     |                     |          |   |     |        |           |   |
| Allocation of