Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 312

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 312
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 holders of convertible preferred stock of the full preferential amounts specified above, the entire remaining assets of the Company legally available for distribution by the Company shall be distributed with equal priority and pro rataamong the holders of the common stock and holders of convertible preferred stock as -if-convertedto common stock basis in proportion to the number of shares of common stock held by them. F-46

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 7 — Convertible Preferred Stock (cont.) Conversion Each share of convertible preferred stock is convertible, at the option of the holder, into the number of fully -paidand non -assessableshares of common stock that result from dividing the applicable original issue price per share by the applicable conversion price per share at the time of conversion, as adjusted for any anti -dilutionadjustments If, after the issuance date of convertible preferred stock, the Company issues or sells, or is deemed to have sold, additional shares of common stock at a price lower than the original issuance price, except for certain exceptions allowed, the conversion price of convertible preferred stock would be adjusted. As of June 30, 2025 and December 31, 2024, the Company’s convertible preferred stock was convertible into the Company’s shares of common stock on a one -for-onebasis. Each share of convertible preferred stock is convertible into common stock automatically upon the earlier of (i) immediately upon the closing of a firmly underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, covering the offer and sale of any class or security of the Company in which (a) the gross offering price per share reflects a pre -offeringvaluation of the Company of not less than $ 200million, calculated on a fully -dilutedand as -convertedbasis before giving effect to the issuance of the securities to be sold in such public offering, and (b) the cash proceeds to the Company (net of underwriting discounts and commissions) are at least $ 50million (a “Qualified IPO”); or (ii) the Company’s receipt of a written request for such conversion from at least a majority of holders of the then outstanding shares of convertible preferred stock, voting as a single class on an as -if-convertedbasis. Redemption and Balance Sheet Classification Convertible preferred stock is recorded in mezzanine equity because while it is not mand