Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 416

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 416
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 Stock Subject to Possible Redemption

The Company’s common
stock sold as part of the Units in the IPO (“public common stock”) contain a redemption feature which allows for the
redemption of such public shares in connection with the Company’s liquidation, or if there is a stockholder vote or tender offer
in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies public
common stock outside of permanent equity as the redemption provisions are not solely within the control of the Company. The public common
stock was issued with other freestanding instruments (i.e., Public Warrants) and as such, the initial carrying value of public common
stock classified as temporary equity was the allocated proceeds determined in accordance with ASC 470-20.

As of June 30, 2025 and
December 31, 2024, the amount of public common stock reflected on the condensed consolidated balance sheets is reconciled in the
following table:

| Contingently redeemable common stock, December 31, 2023 |     | $ |  9,252,208 |   |
| Less:                                                   |     |   |            |   |
| Partial redemption                                      |     |   | (1,683,800 | ) |
| Plus:                                                   |     |   |            |   |
| Accretion of redeemable common stock                    |     |   |    768,980 |   |
| Contingently redeemable common stock, December 31, 2024 |     | $ |  8,337,388 |   |
| Less:                                                   |     |   |            |   |
| Partial redemption                                      |     |   | (6,510,830 | ) |
| Plus:                                                   |     |   |            |   |
| Accretion of redeemable common stock                    |     |   |    155,999 |   |
| Contingently redeemable common stock, March 31, 2025    |     | $ |  1,982,557 |   |
| Less:                                                   |     |   |            |   |
| Redemption payment due to stockholders                  |     |   |   (661,012 | ) |
| Plus:                                                   |     |   |            |   |
| Accretion of redeemable common stock                    |     |   |      8,970 |   |
| Contingently redeemable common stock, June 30