Company: PFSA
Filing Date: 2025-04-03
Form Type: CORRESP
Source: 0001213900-25-028546
Chunk: 12

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: CORRESP
Chunk 12
---

 to adjustment indicates that this represents the payment of preliminary estimated direct and incremental transaction costs, of which $4.5 
 million is expected to be paid in shares and $1.6 million is expected to be paid in cash. However, the reduction to cash on the pro forma 
 balance sheet is $4.5 million. Please clarify accordingly.                                                                                |

: The Co-Registrants
acknowledge the Staff’s comment and notes that the Pro forma statement is correct, and the Tickmark description was transposed.
The disclosure now correctly reads: (F) Represents the payment of preliminary estimated direct and incremental transaction costs, of which
$1.6 million is expected to be paid in shares and $4.5 million is expected to be paid in cash.

| 19. | The interest expense and amortization of the discount associated with the PIPE convertible notes                          
 does not appear to be reflected in the pro forma statements of operations provided. Please advise or revise as necessary. |

: The Co-Registrants acknowledge the Staff’s comment and refer
you to Tickmark (JJ), which accounts for the PIPE Investors interest at 10% related to the first tranche of the PIPE Convertible notes,
plus the amortization of the discount associated with the PIPE convertible notes, which is being amortized over 18 months per the maturity
of the loans. This has been updated in the latest filing with the pro forma income statement now for the Year ended December 31, 2024.

| 20. | As disclosed in Northview's Note 9 - Subsequent Events on page F-27, on January 19, 2025, NorthView,                                        
 I-Bankers and Dawson James modified the Business Combination Marketing Agreement such that the Business Combination Fee will be $2,000,000, 
 payable in cash. Please explain your accounting for this cash payment and how it is reflected in your pro forma financial statements.       |

: The Co-Registrants acknowledge the Staff’s comment and have revised
the disclosure on page 185 of the Amendment to reflect, in the Pro Forma Balance Sheet included in the Amendment, under Tickmark (F),
the total accrued offering costs and expenses of $6.1 million are reflected, which are being paid via $4.5M by cash and $1.6 million by
shares. We further confirm that the $2 million payable in cash for the Business Combination Marketing Fee is included in this pro forma
total accrued offering costs. The Business Combination Marketing Fee is