Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 360

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 360
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 and the correlated stock price path. The fair value is then determined by averaging the payoff across all simulated paths and discounting it to the valuation date. (II)Reflects transaction costs incurred in excess of proceeds received under the Maximum Redemptions scenario. (JJ)To account for the PIPE Investors interest at 10% related to the first tranche of the PIPE Convertible Note. (KK)Represents the closing of the APAC Project and total $6M gain associated with the transaction. 2.Net Loss per Share Represents the net loss per share calculated using the historical weighted average shares outstanding and the issuance of additional shares in connection with the Business Combination and other related events, assuming such additional shares were outstanding since January 1, 2024. As the Business Combination is being reflected as if it had occurred as of January 1, 2024, the calculation of weighted average shares outstanding for basic and diluted 193

net loss per share assumes the shares issued in connection with the Business Combination have been outstanding for the entire periods presented. Under Maximum Redemption scenario, the shares of common stock assumed to be redeemed by NorthView public stockholders are eliminated as of January 1, 2024. Because the Milestone Earnout Shares, Sponsor Inducement Recoupment Shares and Profusa Recoupment Shares are contingently issuable based upon the achievement by New Profusa of the Milestone Events that have not been achieved, the Milestone Earnout Shares, Sponsor Inducement Recoupment Shares and Profusa Recoupment Shares have been excluded from basic and diluted pro forma net loss per share. The unaudited pro forma condensed combined financial information has been prepared assuming the no redemptions and Maximum Redemption scenarios:

|                                                                                         |     | Year Ended        
 December 31, 2024 |            |   |     |            |            |   |
|:----------------------------------------------------------------------------------------|:----|:------------------|-----------:|:--|:----|:-----------|-----------:|:--|
|                                                                                         |     | No                
 Redemptions       |            |   |     | Maximum    
 Redemption |            |   |
| Pro forma net loss                                                                      |     | $                 |     (3,629 | ) |     | $          |     (7,379 | ) |
| Deemed dividend                                                                         |     |                   |     (9,684 | ) |     | $          |     (9,684 | ) |
| Pro forma net loss used in calculation of weighted-average