Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 101

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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. The Company estimates the volatility of its common stock based on historical volatility that matches
the expected remaining life of the warrants.

13

Net Loss Per Common Stock

The Company has two categories of shares, which
are referred to as common stock subject to possible redemption and common stock. Earnings and losses are shared pro rata between the
two categories of shares. The 17,404,250 potential shares of common stock for outstanding warrants to purchase the Company’s
shares were excluded from diluted earnings per share for the three months ended March 31, 2025 and 2024 because the warrants are contingently
exercisable, and the contingencies have not yet been met. As a result, diluted net loss per share of common stock is the same as basic
net loss per share of common stock for the periods presented. The table below presents a reconciliation of the numerator and denominator
used to compute basic and diluted net loss per share for each category of common stock:

The table below presents a reconciliation of
the numerator and denominator used to compute basic and diluted net loss per share for each category of common stock:

    For the Three Months Ended March 31, 

    2025  
    2024 

    Common stock subject to possible redemption  
    Common stock  
    Common stock subject to possible redemption  
    Common stock 
  
    Basic and diluted net loss per share: 

    Numerator: 

    Allocation of net loss 
    $(125,913) 
    $(993,997) 
    $(112,816) 
    $(707,461)

    Denominator: 

    Weighted-average shares outstanding 
     657,910  
     5,193,750  
     828,228  
     5,193,750 
  
    Basic and diluted net loss per share 
    $(0.19) 
    $(0.19) 
    $(0.14) 
    $(0.14)

Common Stock Subject to Possible Redemption

The Company’s common stock sold as part
of the Units in the IPO (“public common stock”) contain a redemption feature which allows for the redemption of such public
shares in connection with the Company’s liquidation, or if there is a stockholder vote or tender offer in connection with the Company’s
initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies public common stock outside of permanent equity
as the redemption provisions