Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 321

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 321
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 and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and

F-69 NORTHVIEW ACQUISITION CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 2 — Summary of Significant Accounting Policies (cont.) entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023 -07, which was applied retrospectively to all prior periods presented. See Note 10 for further details regarding this adoption. Standards not yet Adopted In December 2023, the FASB issued ASU No. 2023 -09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023 -09”), which will require the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. ASU 2023 -09will also require the Company to disaggregate its income taxes paid disclosure by federal, state and foreign taxes, with further disaggregation required for significant individual jurisdictions. ASU 2023 -09will become effective for annual periods beginning after December 15, 2024. The Company is still reviewing the impact of ASU 2023 -09. Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements. Note 3 — Initial Public Offering Public Units On December 22, 2021, the Company sold 18,975,000Units, (which included 2,475,000Units issued pursuant to the full exercise of the over -allotmentoption) at a purchase price of $ 10.00per Unit. Each unit that the Company is offering has a price of $ 10.00and consists of oneshare of common stock, one right, and one -halfof one redeemable warrant. Each right entitles the holder thereof to receive one -tenth(1/10) of one share of common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase oneshare