Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 369

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 369
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 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 are not solely within the control of the Company. The public common
stock was issued with other freestanding instruments (i.e., Public Warrants) and as such, the initial carrying value of public common
stock classified as temporary equity was the allocated proceeds determined in accordance with ASC 470-20.

As of December 31, 2024
and 2023, the amount of public common stock reflected on the consolidated balance sheets is reconciled in the following table:

| Contingently redeemable common stock, December 31, 2022 |     |   |  193,525,484 |   |
| Less:                                                   |     |   |              |   |
| Partial redemption                                      |     |   | (186,410,914 | ) |
| Plus:                                                   |     |   |              |   |
| Accretion of redeemable common stock                    |     |   |    2,137,638 |   |
| Contingently redeemable common stock, December 31, 2023 |     | $ |    9,252,208 |   |
| Less:                                                   |     |   |              |   |
| 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