Company: PFSA
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001213900-25-065686
Chunk: 5

Company: Profusa, Inc.
Filing Date: 2025-07-18
Form: 8-K
Item: Item 2.03
Chunk 5
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 operations and will be required for successful product commercialization efforts. Our management plans to monitor
expenses and obtain additional funds through public or private equity offerings or debt financings, additional credit or loan facilities
or a combination of one or more of these funding sources, which is intended to mitigate the relevant conditions or events that raise substantial
doubt about our ability to continue as a going concern within one year from the date the unaudited condensed consolidated financial statements
are available to be issued. As the ability to refinance our current debt or raise additional equity financing is outside of our management’s
control, we cannot conclude that management’s plans will be effectively implemented within one year from the date the unaudited
condensed consolidated financial statements are available to be issued. These factors raise substantial doubt about our ability to continue
as a going concern within one year from the date the unaudited condensed consolidated financial statements are available to be issued.
The unaudited condensed consolidated financial statements do not contain any adjustments that might result from the outcome of this uncertainty.

It is our expectation to continue
to make substantial investments in building its European and United States commercial infrastructure and enhancing existing products and
developing new ones. Furthermore, we aim to continue discussions with potential partners in Asia.

We expect to incur additional
expenses due to operating as a public company, including expenses related to compliance with the rules and regulations of the U. S. Securities
and Exchange Commission (the “ SEC”), and those of the Nasdaq Stock Market LLC (“ Nasdaq”), additional insurance
expenses, investor relations activities and other administrative, professional and consulting services. As a result of these and other
factors, we expect that we will require additional financing to fund our operations and planned growth. We may also seek additional financing
of any kind. We may seek to raise any additional capital through public or private equity offerings or debt financings, additional credit
or loan facilities or a combination of one or more of these funding sources. In the scenario that we are unable to acquire sufficient
financing or financing on terms satisfactory to our management or Board of Directors, our ability to continue to pursue our business objectives
and to respond to business opportunities, challenges or unforeseen circumstances could be significantly limited, and our business, financial
condition and results of operations could be materially adversely affected.

Business Combination

On November 7, 2022, the Company
entered into the Merger Agreement with NorthView, and on July 11, 2025, the Business Combination closed