Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 301

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 301
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 stock is recorded in mezzanine equity because while it is not mandatorily redeemable, it will become redeemable at the option of the stockholders upon the occurrence of certain deemed liquidation events that are considered not solely within the Company’s control.

Note 8 — Common Stock

As of March 31, 2025 and December 31, 2024, the Company’s Charter authorized issuance of shares of common stock. Each share of common stock is entitled to vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of the preferred stockholders. As of March 31, 2025, no dividends have been declared to date.

The Company had reserved shares of common stock, on an as-converted basis, for future issuance as follows:

|                                            |     |  March 31, 
       2025 |     | December 31, 
         2024 |
|:-------------------------------------------|:----|-----------:|:----|-------------:|
| Conversion of Series A preferred stock     |     |  4,350,314 |     |    4,350,314 |
| Conversion of Series B preferred stock     |     |  5,293,175 |     |    5,293,175 |
| Conversion of Series C/C-1 preferred stock |     |  8,220,445 |     |    8,220,445 |
| Outstanding options under 2010 Plan        |     |  2,975,055 |     |    2,972,055 |
| Issuance of options under the 2010 Plan    |     |  1,557,091 |     |    1,560,091 |
|                                            |     | 22,396,080 |     |   22,396,080 |

Note 9 — Stock Option Plan

In 2010, the Company adopted the 2010 Equity Incentive Plan (the “Plan”) under which shares of the Company’s common stock have been initially reserved for issuance to employees, directors and consultants. The number of reserved shares has been increased over the years and currently equals shares. Options granted under the Plan may be either incentive stock options (“ISO”) or nonqualified stock options (“NSO”). ISOs may be granted only to Company employees, including officers and directors who are also employees. NSOs may be granted to Company employees,