Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 320

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 320
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’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 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