Company: PFSA
Filing Date: 2025-08-25
Form Type: 424B3
Source: 0001213900-25-080387
Chunk: 141

Company: Profusa, Inc.
Filing Date: 2025-08-25
Form: 424B3
Chunk 141
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 -XArticle 11. Management has considered the impact of the Committed Equity Facility on these pro forma financial statements, and notes that the agreement is written in a manner in which the Company will issue a variable number of shares at a variable issuance price, based on the then current market rates, less a fixed discount. Accordingly, inclusion of the transaction in the pro forma common stock financial information would not be factually supportable or objectively measurable at this time and could be misleading to investors. Pursuant to the Purchase Agreement, 900,000 Commitment Warrant Shares are issuable upon exercise of the Commitment Warrants we issued to Ascent upon our execution of the term sheet relating to the Purchase Agreement on July20, 2025, as consideration for its commitment to purchase shares of our Common Stock that we may, in our sole discretion, direct Ascent to purchase from us pursuant to the Purchase Agreement. The Commitment Warrants have an exercise price of $0.01 and may be exercised for cash or, if at the time of exercise there is no effective registration statement covering the resale of the Commitment Warrant Shares, on a cashless basis. If we do not require Ascent to purchase any Purchase Shares on or before the 100 thday following the execution of the Purchase Agreement, the number of Commitment Warrant Shares underlying the Commitment Warrants will be reduced to 450,000. The warrants issued to Ascent are currently being analyzed for their accounting treatment, which the Company expects to be precluded from equity classification based on their cashless exercise option. As such, the Company will finalize the accounting conclusions on these warrants, and validate their debt classification for the upcoming September30, 2025 financial statements. Additionally, should the 900,000 warrants issuable become probable and measurable in the future, the Company will update its disclosures and provide revised pro forma financial information as appropriate. 89 3. Accounting Policies and Reclassifications Upon consummation of the Business Combination, management has performed a comprehensive review of the two entities’ accounting policies. As a result of the review, management has not identified differences between the accounting policies of the two entities which have a material impact on the financial statements of the Combined Company. Based on its analysis, management did not identify any differences that would have a material impact on the unaudited pro forma condensed combined financial information. As a result, the unaudited pro forma condensed combined financial information does not assume any differences in accounting policies. 4. Adjustments to