Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 458

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 458
---
 deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain
assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated
goals under all potential future conditions

This
Annual Report on Form 10-K does not include an attestation report of our registered public accounting firm due to a transition period
established by rules of the SEC for an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933,
as amended, or the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012.

Changes
in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting
(as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most recent fiscal quarter that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting, other than as described above.

ITEM 9B. OTHER INFORMATION.

During the period covered
by this Annual Report, none of the Company’s directors or executive officers has adopted or terminated a Rule 10b5-1 trading arrangement
or a non-Rule 10b5-1 trading arrangement (each as defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934, as
amended).

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT
INSPECTIONS.

Not applicable.

50

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors and Executive Officers

Our directors and officers are as follows:

    Name
     
    Age
     
    Title
  
    Jack Stover
     
    69
     
    Co-Founder, Director, Chief Executive Officer
  
    Fred Knechtel
     
    63
     
    Co-Founder, Director, Chief Financial Officer
  
    Peter O’Rourke
     
    50
     
    Chairman of the Board, Independent Director 
  
    Ed Johnson
     
    62
     
    Independent Director 
  
    Lauren Chung
     
    49
     
    Independent Director 

Jack Stover - Co-Founder, Director and Chief
Executive Officer

Jack Stover has served as
our