Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 352

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 352
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. Inherent in pricing models are assumptions related to expected share-price volatility, expected life and risk-free interest rate. The Company estimates the volatility of its common stock based on historical volatility that matches the expected remaining life of the note. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the note. The expected life of the note is assumed to be equivalent to their remaining contractual term.

Note 9 — Income Taxes

The Company’s net deferred tax assets are as follows:

|                                            |     |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:-------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Deferred tax asset/(liability)             |     |   |              |   |     |   |              |   |
| Organizational costs/Startup expenses      |     | $ |      694,480 |   |     | $ |      436,196 |   |
| Unrealized gain/loss – Trust               |     |   |            — |   |     |   |      (13,661 | ) |
| Net deferred tax asset                     |     |   |      694,480 |   |     |   |      422,535 |   |
| Valuation allowance                        |     |   |     (694,480 | ) |     |   |     (436,196 | ) |
| Deferred tax (liability), net of allowance |     | $ |            — |   |     | $ |      (13,661 | ) |

The income tax provision consists of the following:

|                               |     |   |      For the 
   Year Ended 
 December 31, 
         2024 |   |     |   |      For the 
   Year Ended 
 December 31, 
         2023 |   |
|:------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Federal                       |     |   |              |   |     |   |              |   |
| Current                       |     | $ |       94,174 |   |     | $ |      480,069 |   |
| Deferred                      |     |   |     (271,945