Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 234

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 234
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ary interest therein.                                           |

| (3) | Consists of shares and shares issuable upon exercise of warrants                                                              
 held by NorthView Sponsor I, LLC, of which Mr. Stover is a manager. Mr. Stover disclaims beneficial ownership of the reported 
 shares other than to the extent of his ultimate pecuniary interest therein.                                                   |

| (4) | Consists of 4,743,750 shares and 4,625,122 shares                                                                  
 issuable upon exercise of warrants. The business address of NorthView Sponsor, LLC is 207 West 25th St, 9th Floor, 
 New York, NY 10001.                                                                                                |

| (5) | Comprised of 1,863,593 shares currently outstanding as                                                                               
 of August 1, 2025, 1,000,000 shares issuable upon conversion of the Initial Note, and 570,000 of the Commitment Warrant Shares.      
 The 8,070,830 Purchase Shares and the balance of 330,000 Commitment Warrant Shares are not included in the table above because these 
 share issuances are subject to a beneficial ownership limitation of 9.99%. The business address of Ascent Partners Fund LLC is 19505 
 Biscayne Blvd., Suite 2350, Aventura, FL 33180.                                                                                      |

<div align='center'>138

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

Investor Rights Agreement

In May 2018, Profusa entered
into an amended and restated investor rights agreement (the “IRA”) with certain holders of its preferred stock and common
stock, including certain holders of 5% of its capital stock, and including certain affiliates of its directors, and certain of its executive
officers. The IRA provides the holders of Profusa’s convertible preferred stock with certain registration rights, including the
right to demand that Profusa files a registration statement or request that their shares be covered by a registration statement that Profusa
is otherwise filing. The IRA also provides certain major stockholders with information rights and a right of first refusal with regard
to certain issuances of Profusa’s capital stock. The IRA will terminate upon the closing of the merger.

Voting Agreement

In May 2018, Profusa entered
into an amended and restated voting agreement (the “Voting Agreement”) with certain holders of its preferred stock and common
stock, including certain holders of