Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 11

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 11
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 provided that the Company’s cash balance on the date of the applicable sale exceeds $5,000,000. If the cash balance is less than                                                                                                                                
 $5,000,000, proceeds to the Company shall be allocated first to bring the balance to $5,000,000 and the remaining proceeds to purchase                                                                                                                          
 Bitcoin. See “Use of Proceeds” on page 75 of this prospectus.                                                                                                                                                                                                   |
| Terms of this offering                                                                                     |     | The Selling Stockholders, including their transferees, donees, pledgees,                                                                                                                                                                                        
 assignees and successors-in-interest, may sell, transfer or otherwise dispose of any or all of the shares of common stock offered by this                                                                                                                       
 prospectus from time to time on The Nasdaq Global Market or any other stock exchange, market or trading facility on which the shares are                                                                                                                        
 traded or in private transactions. The shares of common stock may be sold at fixed prices, at market prices prevailing at the time of                                                                                                                           
 sale, at prices related to prevailing market price or at negotiated prices.                                                                                                                                                                                     |
| Nasdaq symbol                                                                                              |     | Our common stock is listed on the Nasdaq Global Market under the symbols                                                                                                                                                                                        
 “PFSA” and “PFSAW,” respectively.                                                                                                                                                                                                                               |
| Risk Factors                                                                                               |     | Investing in our securities involves a high degree of risk and purchasers of our securities may lose their entire investment. See “Risk Factors” for a discussion of factors you should carefully consider before deciding whether to invest in our securities. |

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RISK FACTORS</div>

Investing in our securities includes a high degree of risk. Prior to making a decision about investing in our securities, you should consider carefully the specific factors discussed below, together with all of the other information contained in this prospectus. If any of the following risks actually occurs, our business, financial condition, results of operations and future prospects would likely be materially and adversely affected. This could cause the market price of our Common Stock to decline and could cause you to lose all or part of your investment.

Summary of Risk Factors:

Below is a summary of the principal
factors that make an investment in our company speculative or risky. This summary does not address all of the risks that we face. Additional
discussion of the risks summarized in this risk factor summary, and other risks that we face, can be found below, after this summary,
and should be carefully considered, together with other information in this