Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 543

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part II, Item 2
Chunk 543
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

On September 19, 2025, the Company issued 250,000 shares of common
stock to The Benchmark Company LLC and warrants to purchase 132,000 shares of common stock to designees of H.C. Wainwright & Co.,
in satisfaction of transaction costs incurred in connection with the Business Combination we completed on July 11, 2025. The warrants
are exercisable for a period of seven years from issuance at an exercise price of $0.01 per warrant.

The issuances of the shares and warrants described above were issued
in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated
under the Securities Act.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

During the period covered by this Quarterly Report, none of the Company’s
directors or executive officers have adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement
(each as defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934, as amended).

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Item 6. Exhibits

The following exhibits are filed as part of, or incorporated by reference
into, this Quarterly Report on Form 10-Q.

    No.
     
    Description of Exhibit
  
    4.1
     
    Form of Commitment Warrant (incorporated by reference to the Current Report on Form 8-K filed with the SEC on July 28, 2025)
  
    10.1
     
    Senior Secured Convertible Promissory Note, dated July 11, 2025, by and between New Profusa and the Holder party thereto (incorporated by reference to the Current Report on Form 8-K filed with the SEC on July 18, 2025)
  
    10.2
     
    Form of PIPE Lock-Up Agreement, dated as of July 11, 2025, by and among Ascent and those certain holders party thereto (incorporated by reference to the Current Report on Form 8-K filed with the SEC on July 18, 2025)
  
    10.3
     
    Form of PIPE Registration Rights Agreement, dated as of