Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 341

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 341
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   |              |   |
| Partial redemption                                      |     |   |   (1,683,800 | ) |
| Plus:                                                   |     |   |              |   |
| Accretion of redeemable common stock                    |     |   |      768,980 |   |
| Contingently redeemable common stock, December 31, 2024 |     | $ |    8,337,388 |   |

Recently Issued Accounting Standards

In November 2023, the
FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU
require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating
officer decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of
segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the
CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public
entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single
reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures
in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years
beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07, which was applied retrospectively
to all prior periods presented. See Note 10 for further details regarding this adoption.

F-68 NORTHVIEW ACQUISITION CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 2 — Summary of Significant Accounting Policies(cont.) Standards not yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which will require the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. ASU 2023-09 will also require the Company to disaggregate its income taxes paid disclosure by federal, state and foreign taxes,