Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 240

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 240
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 or success fees
to our initial stockholders, officers, directors or their affiliates for assisting us in consummating our initial business combination.
Other than these consulting, finder or success fees, no compensation of any kind will be paid by us to our initial stockholders, executive
officers and directors, or any of their respective affiliates, for services rendered prior to or in connection with the completion of
an initial business combination. However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection
with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations.
Our audit committee will review on a quarterly basis all payments that were made to our initial stockholders, officers, directors or our
or their affiliates.

<div align='center'>141</div>

We entered into a registration
rights agreement with respect to the founder shares and private placement warrants (and underlying securities).

On April 27, 2023, the
Company signed a Convertible Working Capital Promissory Note (“the Note”) with the Sponsor for $1,200,000. The Note is non-interest bearing
and is due the earlier of the consummation of a business combination or the date of liquidation. The Sponsor may elect to convert all
or any portion of the unpaid principal balance of this Note into warrants, at a price of $1.00 per warrant. On January 10, 2024,
the Company’s Board of Directors approved, and the Company amended the Note to increase the principal amount of the Note that could
be drawn on to $1.5 million. The amended and restated Note also allows for the conversion of the outstanding principal balance of
the Note to be repaid in shares of Company common stock at a price of $2.22 per share at the election of the sponsor. On May 31,
2024, the Company’s Board of Directors approved and the Company entered into a second amendment of its Convertible Working Capital
Promissory Note with the sponsor to increase the principal amount of the Note that could be drawn on to $2.5 million. The second
amended and restated Note also allows for the conversion of the outstanding principal balance of the Note to be repaid in shares of Company
common stock at a price of $2.22 per share at the election of the sponsor. As of December 31, 2024, the Company had principal outstanding
of $1,919,796 and is presenting the Note at fair