Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 55

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 55
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 pay principal and interest on our debt, which will reduce the funds available for dividends
on our common stock if declared, expenses, capital expenditures, acquisitions and other general corporate purposes;

●limitations
on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;

●increased
vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;
and

●limitations
on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of
our strategy and other purposes and other disadvantages compared to our competitors who have less debt.

If we effect our initial business combination
with a company with operations or opportunities outside of the United States, we would be subject to a variety of additional risks that
may negatively impact our operations.

If we effect our initial business
combination with a company with operations or opportunities outside of the United States, we would be subject to any special considerations
or risks associated with companies operating in an international setting, including any of the following:

●higher
costs and difficulties inherent in managing cross-border business operations and complying with different commercial and 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