Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 127

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 127
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255,958,617, with each Profusa Stockholder receiving for each share of Profusa Common Stock held (after giving effect to the exchange or conversion of all outstanding Profusa Preferred Stock for shares of Profusa Common Stock and treating all vested in -the-moneyProfusa Convertible Securities (including, on a net exercise basis, all vested qualified Profusa Options) as if such securities had been exercised as of immediately prior to the Merger, but excluding all unvested Profusa Options) a number of shares of Common Stock equal to a conversion ratio of approximately 0.34. As a result, the Profusa Security Holders received an aggregate of 25,595,862shares of newly issued Common Stock as Merger Consideration. As an additional consideration, each Profusa Stockholder is entitled to earn, on a pro rata basis, an aggregate of 3,875,000shares of New Profusa’s common stock (the “Milestone Earnout Shares”) during the respective earnout periods in equal ¼ installments upon achievement of the following defined Milestone Events. The Milestone Earnout Shares will be placed in escrow and will be outstanding from and after the Closing, subject to cancellation if the applicable price targets are not achieved. While in escrow, the shares will be non -voting. The unaudited pro forma combined financial information contained herein does not account for the assumption by New Profusa at the Closing of unvested Profusa Stock Options or future issuances of shares of Common Stock upon exercise thereof. The unaudited pro forma combined financial information contained herein does account for the subsequent execution of the ELOC Agreement and secondary tranche of PIPE funding. After giving effect to the Business Combination transaction and the issuance of the Merger Consideration described above, there are 69,157,219shares of our Common Stock issued and outstanding. 2. Basis of Pro Forma Presentation The unaudited pro forma condensed combined balance sheet as of June30, 2025 assumes that the Business Combination and related transactions occurred on June30, 2025. The unaudited pro forma condensed combined statements of operations for the six months ended June30, 2025 and for the year ended December 31, 2024 presents pro forma effect to the Business Combination as if it had been completed on January 1, 2024. The unaudited pro forma condensed combined balance sheet as of June30, 2025 has been prepared using, and should be read in conjunction with