Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 297

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 297
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 Aggregate Company Incentive Amount), divided by an assumed value of New Profusa Common Stock of $ 10.00per share. The total consideration received by Profusa Security Holders at the Closing of the transactions contemplated by the Merger Agreement is the newly issued shares of Common Stock and securities convertible or exchangeable for newly issued shares of Common Stock with an aggregate value equal $ 255,958,617, with each Profusa Stockholder receiving for each share of Profusa Common Stock held (after giving effect to the exchange or conversion of all outstanding Profusa Preferred Stock for shares of Profusa Common Stock and treating all vested in -the-moneyProfusa Convertible Securities (including, on a net exercise basis, all vested qualified Profusa Options) as if such securities had been exercised as of immediately prior to the Merger, but excluding all unvested Profusa Options) a number of shares of Common Stock equal to a conversion ratio of approximately 0.34. As a result, the Profusa Security Holders received an aggregate of 25,595,862shares of newly issued Common Stock as Merger Consideration.

F-52 PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 14 — Subsequent Events (cont.) The Business Combination was accounted for as a reverse capitalization in accordance with GAAP. Profusa was deemed the accounting predecessor of the combined business, and New Profusa is the successor SEC registrant, meaning that Profusa’s financial statements for previous periods will be disclosed in the registrant’s future periodic reports filed with the SEC. As of June 30, 2025, the Company had outstanding Profusa Preferred Stock of 17,863,934shares, common stock of 6,984,666shares which are made up of 5,604,651common shares outstanding and 1,380,015shares of common stock from in -substancenonrecourse promissory notes, and fully vested options outstanding and exercisable of 2,364,814shares. These shares were fully converted at the completion of the Business Combination. Additionally, as of June 30, 2025, the Convertible Notes of $ 19.5million and Senior Convertibles Notes of $ 27.9million were converted in full at the closing of the Business Combination. From June 30, 2025 through the closing of the Business Combination, options continued to