Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 274

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 274
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 weighted-average number of shares of common stock and potentially dilutive securities
outstanding for the period. For purposes of the diluted net loss per share calculation, the convertible preferred stock, common stock
subject to repurchase and stock options are considered to be potentially dilutive securities. Basic and diluted net loss attributable
to common stockholders per share is presented in conformity with the two-class method required for participating securities as the convertible
preferred stock is considered a participating security. The Company’s participating securities do not have a contractual obligation
to share in the Company’s losses. As such, the net loss is attributed entirely to common stockholders. Because the Company has reported
a net loss for the reporting periods presented, the diluted net loss per common share is the same as basic net loss per common share for
those periods.

Recent Accounting Standards

From time to time, new accounting
standards are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies that are adopted
by the Company as of the specified effective date. During the year ended December 31, 2024 and through the date of issuance of these consolidated
financial statements, there have been no new, or existing, recently issued accounting pronouncements that are of significance, or potential
significance, that impact the Company’s consolidated financial statements.

<div align='center'>F-11

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

Note 2 — Summary of Significant Accounting Policies (cont.)

Recently issued accounting standards as adopted

In August 2020, the FASB issued
ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts
in Entity’s Own Equity (Subtopic 815-40) — Accounting for Convertible Instruments and Contracts in an Entity’s
Own Equity (“ASU 2020-06”). ASU 2020-06 reduces the number of accounting models for convertible debt instruments and redeemable
convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives
under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, the embedded
conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered
in the derivatives scope exception evaluation