Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 246

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 246
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. Deferred Offering Costs Specific incremental costs, consisting of legal, accounting and other fees and costs, directly attributable to a proposed or actual offering of securities are deferred and charged against the gross proceeds of the offering. In the event of a significant delay or cancellation of a planned offering of securities, all of the costs are expensed. Offering costs capitalized as of December 31, 2024 and December 31, 2023 were $ 2.8million and $ 1.5million, respectively. The deferred offering costs as of December31, 2024 and 2023 includes $ 0.8million and $ 0, respectively, of advances to NorthView to fund costs associated with the business combination. Share-Based Compensation The Company accounts for share -basedcompensation arrangements with employees and non -employeesusing a fair value method which requires the recognition of compensation expense for costs related to all share -basedpayments including stock options. The fair value method requires the Company to estimate the fair value of share -basedpayment awards on the date of grant using an option pricing model. The Company uses the Black -Scholespricing model to estimate the fair value of options granted that are then expensed on a straight -linebasis over the vesting period. The Company accounts for forfeitures as they occur. Option valuation models, including the Black -Scholesoption -pricing F-9 PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 2 — Summary of Significant Accounting Policies (cont.) model, require the input of highly subjective assumptions, and changes in the assumptions used can materially affect the grant -datefair value of an award. These assumptions include the risk -freerate of interest, expected dividend yield, expected volatility, and the expected life of the award. Convertible Preferred Stock The Company records all shares of convertible preferred stock at their respective fair values on the dates of issuance, net of issuance costs. The convertible preferred stock is recorded outside of permanent equity because while it is not mandatorily redeemable, in certain events considered not solely within the Company’s control, such as a merger, acquisition, or sale of all or substantially all of the Company’s assets (each, a “deemed liquidation event”), the convertible preferred stock will become redeemable at the option of the holders of at least a majority of the then outstanding preferred shares. The Company has not adjusted the carrying values of the convertible preferred stock to its liquidation preference because a deemed liquid