Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 410

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 410
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 private
companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new
or revised standard. This may make comparison of the Company’s condensed consolidated financial statements with another public company,
which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period
difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

The preparation of these condensed
consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial
statements.

Making estimates requires management
to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set
of circumstances that existed at the date of the condensed consolidated financial statements, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Some of the more significant estimates are in
connection with determining the fair value of the warrant liabilities and convertible promissory note. Accordingly, the actual results
could differ significantly from those estimates.

Concentration of Credit Risk

Financial instruments that
potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times,
may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account.

<div align='center'>F-91

NORTHVIEW ACQUISITION CORPORATION
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 2 — Significant Accounting Policies (cont.)

Cash and Cash Equivalents and Restricted Cash

The Company considers all short-term
investments with an original maturity of three months or less when purchased to be cash equivalents. At June 30, 2025 and December 31,
2024, the Company had $1,751 and $0 of restricted cash, respectively, related to funds withdrawn from the Trust Account reserved
for the payment of income and state franchise taxes. The Company did not have any cash equivalents as of June 30, 2025 and December 31,
2024.

Cash Held in Trust Account

At June 30, 2025 and December 31,
2024, substantially all of the assets held in the Trust Account were held in an interest-bearing demand deposit account