Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 385

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 385
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 may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision maker (“CODM”) has been identified as its Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that there is only reportable segment.

The CODM assesses performance for the single segment and decides how to allocate resources based on net loss that also is reported on the statement of operations as net loss. The measure of segment assets is reported on the balance sheet as total assets.

|                 |     |   |     As of 
 March 31, 
      2025 |     |   |        As of 
 December 31, 
         2024 |
|:----------------|:----|:--|----------:|:----|:--|-------------:|
| Trust Account   |     | $ | 1,920,401 |     | $ |    8,330,835 |
| Cash            |     | $ |         — |     | $ |       16,204 |
| Restricted Cash |     | $ |    18,450 |     | $ |            — |

|                                      |     |   |      For the 
 Three Months 
        Ended 
    March 31, 
         2025 |     |   |      For the 
 Three Months 
        Ended 
    March 31, 
         2024 |
|:-------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| General and administrative expenses  |     | $ |      583,581 |     | $ |      470,841 |
| Interest earned on the Trust Account |     | $ |       79,925 |     | $ |      116,664 |

The key measures of segment profit or loss reviewed by our CODM are interest earned on the Trust Account and general and administrative expenses. The CODM reviews interest earned on the Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement. General and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination within the business combination period. The COD