Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 258

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 258
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 Series A convertible preferred stock, in preference to the holders of the common stock, in the amount per share for each share of Series A convertible preferred stock held by them equal to the original issue price of such share, adjusted for any anti -dilutionadjustments, plus all declared and unpaid dividends on such shares. Should the Company’s legally available assets be insufficient to satisfy the liquidation preferences, the funds will be distributed with equal priority and pro rataamong the holders of Series A convertible preferred stock in proportion to the preferential amount each holder is otherwise entitled to receive. After the payment to the 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-23

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 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 December 31, 2024 and December31, 2023, 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