Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 296

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 296
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 full payment to holders
of the Series C/C-1 convertible preferred stock, payment should be made to the holders of Series B convertible preferred stock,
in preference to the holders of the Series A convertible preferred stock or common stock, in the amount per share for each share
of Series B convertible preferred stock held by them equal to the original issue price of such share, adjusted for any anti-dilution
adjustments, plus all declared and unpaid dividends on such shares. Should the Company’s legally available assets be insufficient
to satisfy the liquidation preferences, the funds will be distributed with equal priority and pro rata among the holders of Series B
convertible preferred stock in proportion to the preferential amount each holder is otherwise entitled to receive.

After full payment to holders
of the Series B convertible preferred stock, payment should be made to the holders of Series A convertible preferred stock,
in preference to the holders of the common stock, in the amount per share for each share of Series A convertible preferred stock
held by them equal to the original issue price of such share, adjusted for any anti-dilution adjustments, plus all declared and unpaid
dividends on such shares. Should the Company’s legally available assets be insufficient to satisfy the liquidation preferences,
the funds will be distributed with equal priority and pro rata among the holders of Series A convertible preferred stock in
proportion to the preferential amount each holder is otherwise entitled to receive.

After the payment to the holders
of convertible preferred stock of the full preferential amounts specified above, the entire remaining assets of the Company legally available
for distribution by the Company shall be distributed with equal priority and pro rata among the holders of the common stock and
holders of convertible preferred stock as-if-converted to common stock basis in proportion to the number of shares of common stock held
by them.

<div align='center'>F-23

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 7 — Convertible Preferred Stock (cont.)

Conversion

Each share of convertible
preferred stock is convertible, at the option of the holder, into the number of fully-paid and non-assessable shares of common stock that
result from dividing the applicable original issue price per share by the applicable conversion price per share at the time of conversion,
as adjusted for any anti-dilution adjustments If, after the issuance date of convertible preferred stock, the Company issues or sells,
or is deemed to have sold