Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 149

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 149
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 |  1,000,000 |   |
| Ascent ELOC Commitment Shares                                                           |     |              |    450,000 |   |     |              |    450,000 |   |
|                                                                                         |     |              | 33,452,012 |   |     |              | 33,611,159 |   |

93 DIVIDEND POLICY We have never declared or paid any cash dividends on our common stock, and we do not currently intend to pay any cash dividends on our common stock for the foreseeable future. We expect to retain future earnings, if any, to fund the development and growth of our business. Any future determination to pay dividends on our common stock will be at the discretion of our board of directors and will depend upon, among other factors, our results of operations, financial condition, capital requirements and any contractual restrictions. 94 MARKET INFORMATION Our Common Stock is currently listed on Nasdaq under the symbol “PFSA”. Prior to the consummation of the Business Combination, our Common Stock was listed on the OTC under the symbol “NVAC”. As of July 30, 2025, there were 194 holders of record of our Common Stock and the closing sale price of our Common Stock was $0.72 per share. The actual number of stockholders of our Common Stock is greater than the number of record holders and includes holders of our Common Stock whose shares of Common Stock are held in street name by brokers and other nominees. 95 MANAGEMENT’ S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS References to “Profusa,” the “Company,” “we,” “us,” and “our,” refer to Profusa, Inc. and its subsidiaries. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto contained elsewhere in this prospectus (this “Report”). Certain information contained in the discussion and analysis set forth below includes forward -lookingstatements that involve risks and uncertainties. Profusa, Inc., our wholly owned California subsidiary (“Old Profusa”), became our accounting predecessor upon the closing of the Business Combination on July11, 2025. The results of operations discussed below are those of Old Profusa and its consolidated subsidiaries. Cautionary Note Regarding Forward-Looking Statements This Prospectus includes forward -lookingstatements within the meaning of Section 27A of the Securities Act of 1933,