Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 356

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 356
---
 $2.2million as of this filing. $0.9million and 4,660,000 New Profusa Shares are included in the pro forma, which is based on the current balance and anticipated investor contributions prior to close. Additionally, we refer you to tickmarks (FF) in the pro forma Income Statement presentation below, to reflect the 12% interest being accrued on this loan through settlement. •NorthView’s Convertible Working Capital loan will be converted at close of the Business Combination. Current balance of the note is $1,919,796, which has been fair value adjusted on the balance sheet as of December31, 2024 to $8,908,052, and which is included in the pro forma at the current balance as no interest accrues on this note and will be converted into 863,908shares of New Profusa, an as converted price of $2.22 per share. We refer you to tickmark (R) in the pro forma presentation below, which reflects the cash receipt and issuance of shares upon conversion of the convertible debt. •Profusa entered into a Binding Term Sheet for APAC Joint Venture. If Profusa and Tasly establish the JV, Profusa will grant the JV an exclusive license to its intellectual property to use, develop, manufacture and commercialize the Licensed Products in the Asia Pacific region. In connection with the license, Tasly would pay Profusa $6 million (of which $1.6 million has been received through the date of this proxy statement/prospectus) to purchase 60% of the share capital of the JV from Profusa, and the JV would pay Profusa 5% royalties on sales, and 30% royalties on income from royalties, sub -licensingfees or collaboration payments received by the JV. We refer you to tickmark (T) in the pro forma presentation below. •Upon consummation of the Merger the former holders of Profusa’s common stock, senior convertible notes, junior convertible notes and vested in -the-moneyProfusa Options (the “Participating Securityholders”) will received certain rights, under which in the future New Profusa may issue to the Participating Securityholders an aggregate of 3,875,000shares of New Profusa’s common stock (the “Milestone Earnout Shares”) during the respective earnout periods in equal ¼ installments upon achievement of the following four Milestone Events: —Milestone I Earnout Rights: share price of New Profusa Common Stock