Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 49

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 resources and assess performance.

The Company’s chief operating decision
maker (“CODM”) has been identified as its Chief Financial Officer, who reviews the assets, operating results, and financial
metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management
has determined that there is only one reportable segment.

The CODM assesses performance for the single
segment and decides how to allocate resources based on net loss that also is reported on the statement of operations as net loss. The
measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making
key decisions regarding resource allocation, the CODM reviews several key metrics included in net loss and total assets, which include
the following:

    As of June 30, 2025  
    As of December 31, 2024 
  
    Trust Account 
    $1,935,561  
    $8,330,835 
  
    Cash 
    $—  
    $16,204 
  
    Restricted Cash 
    $1,751  
    $— 

    For the Three Months Ended June 30,  
    For the Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Formation and operating costs 
     967,084  
     253,130  
     1,550,665  
     723,971 
  
    Interest income earned on cash and marketable securities held in Trust Account 
     15,159  
     108,520  
     95,084  
     225,184 

The key measures of segment profit or loss reviewed
by our CODM are interest earned on the Trust Account and general and administrative expenses. The CODM reviews interest earned on the
Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account
funds while maintaining compliance with the trust agreement. General and administrative expenses are reviewed and monitored by the CODM
to manage and forecast cash to ensure enough capital is available to complete a business combination within the business combination
period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs
are aligned with all agreements and budget.

Note 10 – Subsequent Events

The Company evaluated subsequent events and transactions
that occurred