Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 432

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 432
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December 20, 2021, the Company effected a 1.1- for-1 stock dividend of its common stock, resulting in an aggregate of 4,743,750
Founder Shares issued and outstanding. On December 22, 2021, the Company has also issued 450,000 shares (Representative’s
Shares) of common stock (which included 37,500 Representative Shares issued pursuant to the full exercise of the over-allotment
option) at the consummation of the IPO to I-Bankers and Dawson James (and/or their designees). As of June 30, 2025
and December 31, 2024, there were 5,193,750 shares of common stock issued and outstanding, excluding 101,777 and 687,519
shares of common stock subject to redemption, respectively.

Common stockholders of record
are entitled to one vote for each share held on all matters to be voted on by stockholders. Unless specified in the Company’s amended
and restated certificate of incorporation or bylaws, or as required by applicable provisions of the DGCL or applicable stock exchange
rules, the affirmative vote of a majority of the Company’s common stock that are voted is required to approve any such matter voted
on by the stockholders. There is no cumulative voting with respect to the election of directors, with the result that the holders of more
than 50% of the shares voted for the election of directors can elect all of the directors (prior to consummation of the initial Business
Combination). The Company’s stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors
out of funds legally available therefor.

Note 8 — Fair Value Measurements

Fair value is defined as the
price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants
at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements)
and the lowest priority to unobservable inputs (Level 3 measurements). The Company’s financial instruments are classified as either
Level 1, Level 2 or Level 3. These tiers include:

| ● | Level 1, defined as observable inputs such as quoted prices 
 (unadjusted) for identical instruments in