Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 146

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 146
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830 shares with an additional 42,211,548 shares which are probable to be issued |

The following unaudited pro
forma condensed combined balance sheet as of June 30, 2025 and the unaudited pro forma condensed combined statements of operations for
the six months ended June 30, 2025 and for the year ended December 31, 2024 are based on the unaudited and audited historical
financial statements of NorthView and Profusa. The unaudited pro forma adjustments are based on information currently available, and assumptions
and estimates underlying the unaudited pro forma adjustments are described in the accompanying notes. Actual results may differ materially
from the assumptions used to present the accompanying unaudited pro forma condensed combined financial information.

<div align='center'>79

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

As of June 30, 2025

(in thousands, except share and per share data)</div>

| ASSETS                                                                                  
 Current assets:                                                                         |     | Profusa, Inc. 
 (Historical)  |        |     | NorthView    
 (Historical) |        |     | Transaction 
 Accounting  
 Adjustments |         |   |     |   |     | Pro Forma 
 Combined  |        |
|:----------------------------------------------------------------------------------------|:----|:--------------|-------:|:----|:-------------|-------:|:----|:------------|--------:|:--|:----|:--|:----|:----------|-------:|
| Cash and cash equivalents                                                               |     | $             |     44 |     | $            |      — |     | $           |   1,277 |   |     | B |     | $         | 14,365 |
|                                                                                         |     |               |        |     |              |        |     |             |  11,000 |   |     | C |     |           |        |
|                                                                                         |     |               |        |     |              |        |     |             |  (4,146 | ) |     | F |     |           |        |
|                                                                                         |     |               |        |     |              |        |     |             |    (328 | ) |     | G |     |           |        |
|                                                                                         |     |               |        |     |              |        |     |             |  (1,745 | ) |     |