Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 211

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 211
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 legal requirements
of overseas markets;

●rules
and regulations regarding currency redemption;

25

●laws
governing the manner in which future business combinations may be effected;

●tariffs
and trade barriers;

●regulations
related to customs and import/export matters;

●local
or regional economic policies and market conditions;

●unexpected
changes in regulatory requirements;

●longer
payment cycles;

●tax
issues, such as tax law changes and variations in tax laws as compared to the United States;

●currency
fluctuations and exchange controls;

●rates
of inflation;

●challenges
in collecting accounts receivable;

●cultural
and language differences;

●employment
regulations;

●underdeveloped
or unpredictable legal or regulatory systems;

●corruption;

●protection
of intellectual property;

●social
unrest, crime, strikes, riots, civil disturbances, regime changes, political upheaval, terrorist attacks, natural disasters and wars;

●deterioration
of political relations with the United States; and

●government
appropriation of assets.

We may not be able to adequately
address these additional risks. If we were unable to do so, our operations might suffer, which may adversely impact our results of operations
and financial condition.

Risks Relating to our Management and Directors

We may identify material weaknesses in our
internal control over financial reporting in the future or fail to maintain an effective system of internal control over financial reporting,
which may result in material misstatements of our consolidated financial statements or cause us to fail to meet periodic reporting obligations.

As a public company, we are required to comply
with SEC rules that implement Section 404 of the Sarbanes-Oxley Act and make an ongoing, formal assessment of the effectiveness of our
internal controls over financial reporting.

We cannot assure you that the measures we have
taken to date, and actions we may take in the future, will prevent or avoid control deficiencies that could lead to material weaknesses
in our internal control over financial reporting in the future. Our current controls, and any new controls that we develop, may become
inadequate because of changes in conditions in our business. Further, deficiencies in our disclosure controls and internal control over
financial reporting may be discovered in the future. Any failure to develop or maintain effective controls or any difficulties encountered
in their implementation or improvement could harm our operating results or cause us to fail to meet our reporting obligations and may
result in a restatement of our financial statements for prior