Company: PFSA
Filing Date: 2025-04-25
Form Type: CORRESP
Source: 0001213900-25-035719
Chunk: 2

Company: Profusa, Inc.
Filing Date: 2025-04-25
Form: CORRESP
Chunk 2
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 should be reflected in the pro forma financial          
 information. Refer to Rule 11-01(a)(8) of Regulation S-X.                                                                                      |

: The Co-Registrants acknowledge the
Staff’s comment and have referred to Rule 11-01(a)(8) of Regulation S-X and guidance in SEC 4560 - Pro forma financial information.
The Co-Registrants confirm that this transaction meets both the criteria for a significant transaction and a probable transaction.

The Co-Registrants note
that per Financial Reporting Manual Section 2005.4 "Probable" - Assessment of "probability" requires
consideration of all available facts. Acquisition is probable where registrant's financial statements alone would not provide
adequate financial information to make an investment decision. See FRC 506.02(c)(ii).

The Co-Registrants
confirm that the JV agreement with Tasly is a transaction which is probable and is expected to commence following the consummation
of this reverse capitalization transaction. The Co-Registrants have determined that this transaction should be included in the pro
forma financial information as it has a material impact on the business and the financials, as it represents the sale of a
majority ownership (60%) in the combined company’s licensed intellectual property and further includes go forward terms on
profit sharing upon commercialization in the APAC region. Secondly, this transaction will have a discrete material impact on the
financial statements through the settlement of the Tasly Convertible Loan of $1.9 million in principal and accrued interest
currently on the books.

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Further, the Co-Registrants confirm that Profusa has entered into a
Binding Term Sheet for the APAC Joint Venture, and has the License Agreement and Joint Venture Agreement in final agreed form, which further
increases the probability under the applicable analysis. As Profusa and its APAC joint venture counterpart are in frequent communication
and have agreed to the form of the definitive documents for the joint venture, the transaction is highly probable and its closing is expected
to occur shortly after the closing of this reverse capitalization transaction between NorthView and Profusa.

| 5. | We note your response to comment 17. You also disclose that Profusa has conditionally waived the                                             
 Minimum Cash Amount condition to closing, contingent on NorthView having sufficient funds to satisfy Nasdaq’s initial listing requirements   
 as of the Closing. As previously requested, please expand your disclosures to state the amount of funds that