Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 102

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 102
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consultants and adopt a detailed work plan to assess and document the adequacy of our internal control over financial reporting. If any
of these new or improved controls and systems do not perform as expected, we may experience additional material weaknesses in our controls.
Moreover, our testing, or the subsequent testing by our independent registered public accounting firm, may reveal additional deficiencies
in our internal control over financial reporting that are deemed to be material weaknesses.

Any failure to implement and
maintain effective disclosure controls and procedures and internal control over financial reporting, including the identification of one
or more material weaknesses, could cause investors to lose confidence in the accuracy and completeness of our financial statements and
reports, which would likely adversely affect the market price of our common stock. In addition, we could be subject to sanctions or investigations
by the stock exchange on which our common stock is listed, the SEC and other regulatory authorities.

Risks Related to our Bitcoin Treasury Strategy and Holdings

Our bitcoin treasury strategy exposes us to various risks associated with bitcoin.

Our bitcoin treasury strategy
exposes us to various risks associated with bitcoin, including the following:

Bitcoin is a highly volatile asset.Bitcoin is a highly volatile asset that has traded below $53,000 per bitcoin and above $123,000 per bitcoin on the Coinbase
exchange in the 12 months preceding the date of this prospectus. The trading price of bitcoin significantly decreased during prior
periods, and such declines may occur again in the future. We intend to engage in hedging strategies from time to time as part of our treasury
management operations if deemed appropriate. As of the date of this prospectus, the Company has purchased $1.0 million of Bitcoin as part
of the Company’s ongoing treasury strategy, representing 8.53 Bitcoins.

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Bitcoin does not pay interest or dividends.Bitcoin does not pay interest or other returns and we can only generate cash from our bitcoin holdings if we sell our
bitcoin or implement strategies to create income streams or otherwise generate cash by using our bitcoin holdings. Even if we pursue any
such strategies, we may be unable to create income streams or otherwise generate cash from our bitcoin holdings, and any such strategies
may subject us to additional risks.

Our bitcoin holdings may significantly impact our financial results and the market price of our common stock.Our bitcoin holdings may significantly affect
our financial results and if we continue to increase our overall holdings of bitcoin in the future, they will have an even greater impact
on our financial results and the market price