Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 310

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 310
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ible preferred stock is recorded in mezzanine equity because while it is not mandatorily redeemable, it will become redeemable at the option of the stockholders upon the occurrence of certain deemed liquidation events that are considered not solely within the Company’s control. Upon the closing of the merger, all Profusa Convertible Preferred stock was converted into New Profusa common shares, as further described in the Subsequent Events disclosure below (See Note 14).

Note 8 — Common Stock

As of June 30, 2025 and December 31, 2024, the Company’s certificate of incorporation authorized issuance of shares of common stock. Each share of common stock is entitled to vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of the preferred stockholders. As of June 30, 2025, no dividends have been declared to date.

The Company had reserved shares of common stock, on an as-converted basis, for future issuance as follows:

|                                            |     |   June 30, 
       2025 |     | December 31, 
         2024 |
|:-------------------------------------------|:----|-----------:|:----|-------------:|
| Conversion of Series A preferred stock     |     |  4,350,314 |     |    4,350,314 |
| Conversion of Series B preferred stock     |     |  5,293,175 |     |    5,293,175 |
| Conversion of Series C/C-1 preferred stock |     |  8,220,445 |     |    8,220,445 |
| Outstanding options under 2010 Plan        |     |  4,520,250 |     |    2,972,055 |
| Issuance of options under the 2010 Plan    |     |     11,896 |     |    1,550,091 |
|                                            |     | 22,396,080 |     |   22,396,080 |

F-47

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

Note 9 — Stock Option Plan

In 2010, the Company adopted the 2010 Equity Incentive Plan (the “Plan”) under which shares of the Company’s common stock have