Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 148

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 148
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 |        |   |     |    |     | $         |       (0.23 | ) |
| Weighted average shares outstanding of New Profusa common stock – basic and diluted                |     |               |           |   |     |              |           |   |     |             |        |   |     |    |     |           | 110,534,620 |   |

<div align='center'>83

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

1. Basis of Presentation

The Business Combination will
be accounted for as a reverse recapitalization under U.S. GAAP. Under this method of accounting, NorthView Acquisition Corporation
(“NorthView”), will be treated as the “acquired” company for financial reporting purposes. This determination
is primarily based on Profusa, Inc. (“Profusa”) Stockholders comprising a relative majority of the voting power of Profusa
(the combined entity) and having the ability to nominate majority of the members of the New Profusa Board, Profusa’s operations
prior to the acquisition comprising the only ongoing operations of New Profusa, and Profusa’s senior management comprising the senior
management of New Profusa. Accordingly, for accounting purposes, the financial statements of New Profusa will represent a continuation
of the financial statements of Profusa with the Business Combination treated as the equivalent of Profusa issuing stock for the net assets
of NorthView, accompanied by a recapitalization. The net assets of NorthView will be stated at historical cost, with no goodwill or other
intangible assets recorded. Operations prior to the Business Combination will be presented as those of Profusa in future reports of New
Profusa.

As a result of the Business
Combination, all outstanding stock of Profusa were cancelled in exchange for the right to receive newly issued shares of Common Stock
of New Profusa, par value $0.0001 per share (“Common Stock”), and all outstanding options to purchase Profusa stock were exchanged
for options exercisable for newly issued shares of New Profusa Common Stock.

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