Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 122

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 122
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 third party service providers to conduct their business in compliance with applicable laws
and regulations and in accordance with our contractual arrangements, there is no guarantee that they will do so. Accordingly, we are exposed
to risk that our due diligence procedures may fail. If we are found to have transacted in bitcoin with bad actors that have used bitcoin
to launder money or with persons subject to sanctions, we may be subject to regulatory proceedings and any further transactions or dealings
in bitcoin by us may be restricted or prohibited.

Additional Risks Relating to Ownership of Profusa Common Stock Following the Business Combination

There can be no assurance that we will be able to comply with the continued listing standards of Nasdaq, a failure of which could result in a de-listing of our common stock.

The Nasdaq Capital Market requires
that the trading price of its listed stocks remain above one dollar in order for the stock to remain listed. If a listed stock trades
below one dollar for more than 30 consecutive trading days, then it is subject to delisting from Nasdaq. In addition, to maintain
a listing on Nasdaq, we must satisfy minimum financial and other continued listing requirements and standards, including those regarding
director independence and independent committee requirements, minimum stockholders’ equity, and certain corporate governance requirements.
If we are unable to satisfy these requirements or standards, we could be subject to delisting, which would have a negative effect on the
price of our common stock and would impair your ability to sell or purchase our common stock when you wish to do so. In the event of a
delisting, we would expect to take actions to restore our compliance with the listing requirements, but we can provide no assurance that
any such action taken by us would allow our common stock to become listed again, stabilize the market price or improve the liquidity of
our common stock, prevent our common stock from dropping below the minimum bid price requirement, or prevent future non-compliance with
the listing requirements.

If Nasdaq delists our shares
from trading on its exchange for failure to meet the listing standards, Profusa and its stockholders could face significant negative consequences
including:

| ● | limited availability of market quotations for Profusa’s securities; |

| ● | reduced liquidity for Profusa’s securities; |

| ● | a determination that Profusa Common Stock is a “penny stock” which will require brokers trading                                       
 in Profusa Common Stock to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary 
 trading