Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 120

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 120
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. 68 In addition, the shares of Profusa Common Stock reserved for future issuance under the Equity Incentive Plan will become eligible for sale in the public market once those shares are issued. A total of approximately 15% of the fully diluted shares of Profusa Common Stock common stock has been reserved for future issuance under its equity incentive plan. The compensation committee of Profusa’s board of directors may determine the exact number of shares to be reserved for future issuance under its equity incentive plan at its discretion. Profusa is expected to file one or more registration statements on Form S -8under the Securities Act to register shares of Profusa Common Stock or securities convertible into or exchangeable for shares of Profusa Common Stock issued pursuant to Profusa’s equity incentive plan. Any such Form S -8registration statements will automatically become effective upon filing. Accordingly, shares registered under such registration statements will be available for sale in the open market. In the future, Profusa may also issue its securities in connection with investments or acquisitions. The amount of shares of Profusa Common Stock issued in connection with an investment or acquisition could constitute a material portion of Profusa’s then -outstandingshares of common stock. Any issuance of additional securities in connection with investments or acquisitions may result in additional dilution to Profusa’s stockholders. Because there are no current plans to pay cash dividends on Profusa Common Stock for the foreseeable future, you may not receive any return on investment unless you sell Profusa Common Stock for a price greater than that which you paid for it. Profusa may retain future earnings, if any, for future operations, expansion and debt repayment and has no current plans to pay any cash dividends for the foreseeable future. Any decision to declare and pay dividends as a public company in the future will be made at the discretion of Profusa’s board of directors and will depend on, among other things, Profusa’s results of operations, financial condition, cash requirements, contractual restrictions and other factors that Profusa’s board of directors may deem relevant. In addition, Profusa’s ability to pay dividends may be limited by covenants of any existing and future outstanding indebtedness it or its subsidiaries incur. As a result, you may not receive any return on an investment in Profusa Common Stock unless you sell your shares of common stock for a price greater than that which you paid for it. We may issue additional shares of its common stock or other equity securities without your approval, which would dilute your ownership interests and may depress the market price of Prof