Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 137

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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     108,520  
     95,084  
     225,184 

The key measures of segment profit or loss reviewed
by our CODM are interest earned on the Trust Account and general and administrative expenses. The CODM reviews interest earned on the
Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account
funds while maintaining compliance with the trust agreement. General and administrative expenses are reviewed and monitored by the CODM
to manage and forecast cash to ensure enough capital is available to complete a business combination within the business combination
period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs
are aligned with all agreements and budget.

Note 10 – Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the condensed consolidated financial statements were issued. Based on
the Company’s review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the
condensed consolidated financial statements, other than as previously disclosed, and as described below.

Consummation of Business Combination

On July 11, 2025, the Company, consummated its
previously announced Business Combination Profusa, pursuant to that certain Merger Agreement and Plan of Reorganization, dated as of
November 7, 2022 (as the same has been amended, supplemented or otherwise modified from time to time, the “Merger Agreement”),
between the Company, Profusa, and NV Profusa Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Company
(“Merger Sub” and, collectively, the “Parties”). The consummation of the Business Combination involved the merger
(the “Merger”) of Merger Sub with and into Profusa, pursuant to which, at the closing of the transactions contemplated by
the Merger Agreement (the “Closing”), the separate corporate existence of Merger Sub ceased, with Profusa as the surviving
corporation becoming a wholly-owned subsidiary of the Company, pursuant to the terms of the Merger Agreement and in accordance with the
DGCL. As a result of the Business Combination, the Company owns 100% of the outstanding common stock of Profusa. In connection with the
closing of the Business Combination, the Company changed its name from “NorthView Acquisition Corporation” to “Profusa,
Inc.”

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