Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 153

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 153
---
. The Company used the separate return method in
calculating the pro forma tax provision and tax effects of our pro forma adjustments.

The pro forma basic and diluted
earnings per share amounts presented in the unaudited pro forma condensed combined statement of operations are based upon the number of
the Combined Company’s shares outstanding, assuming the Business Combination occurred on January 1, 2024.

Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet

The Transaction Accounting
Adjustments included in the unaudited pro forma condensed combined balance sheet as of June 30, 2025 are as follows:

| A. | Reflects the reclassification of the remaining shares of NorthView Common Stock to permanent equity immediately 
 prior to the Merger.                                                                                            |

| C. | Reflects the gross proceeds from the issuance and sale of PIPE Convertible Notes of NorthView that                                 
 are convertible into shares of NorthView common stock at $10.00 per share pursuant to the PIPE Subscription Agreement entered into 
 with the PIPE Investors, assuming no redemptions. The PIPE Subscription Agreement provides for a total facility up to              
 $22.22 million which is split into tranches. The Initial Note was funded upon closing the merger for $10 million which was         
 subject to a 10% OID ($9.0 million net). A subsequent $2.22 million subject to a 10% OID ($2.0 million net) is considered          
 probable based on the terms of the convertible note. The notes did not convert as of the closing date. As such, the notes will     
 remain in the pro forma balance sheet for pro forma purposes, as the notes convert at the election of the note holder until the    
 shares are registered.                                                                                                             |

<div align='center'>86</div>

| D. | Reflects the recapitalization and elimination of Northview’s pre-merger accumulated deficit 
 balance.                                                                                    |

| E. | Represents direct and incremental transaction costs incurred by New Profusa related to the Merger and                              
 PIPE Subscription Agreement of approximately $6.0 million for advisory, banking, printing, legal and accounting that are incurred  
 and anticipated to be incurred. These costs will not affect the Company’s combined statements of operations and comprehensive loss 
 beyond 12 months after the acquisition date.                                                                                       |

| F. | Represents the payment of estimated direct and incremental transaction costs that are incurred and anticipated                      
 to be incurred, of which $1.8 million is expected to be paid in shares