Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 1321

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 1321
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Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheets of Northview Acquisition Corporation (the “Company”) as of December 31, 2024 and 2023, the related consolidated
statements of operations, changes in stockholders’ deficit and cash flows for each of the two years in the period ended December
31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its
operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with accounting principles
generally accepted in the United States of America.

Explanatory Paragraph – Going Concern

The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. As described in Note 1 to the financial statements, the Company is
a Special Purpose Acquisition Corporation that was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with one or more businesses on or before June 22, 2025. The Company entered
into a definitive business combination agreement with a business combination target on November 7, 2022; however, the completion of this
transaction is subject to the approval of the Company’s stockholders among other conditions. There is no assurance that the Company
will obtain the necessary approvals, satisfy the required closing conditions, raise the additional capital it needs to fund its operations,
and complete the transaction prior to June 22, 2025, if at all. The Company also has no approved plan in place to extend the business
combination deadline and fund operations for any period of time after June 22, 2025, in the event that it is unable to complete a business
combination by that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s
plans with regard to these matters are also described in Note 1. The financial statements do not include any adjustments that may be necessary
should the Company be unable to continue as a going concern.

Basis for Opinion

These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We
are a public accounting firm registered