Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 268

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 268
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3 Atalaya presented draft terms for a Senior Convertible Note and Redemption Recapture Agreement. Key terms were: Senior Convertible Note key terms: •$26 million (and up to $100 million) secured Convertible Notes with 1.3 million detachable warrants (reference price of $13 million) and 10% OID to be funded over multiple tranches at 10% interest; •1 sttranche $3 million of funding at the Closing of the Merger, less OID. The Issuer and Atalaya shall mutually work towards defining the remaining tranches after the transaction has been executed; •2 ndtranche $3 million, subject to trading conditions and subject to investment committee approval; •3 rdtranche $10 million, subject to trading conditions and subject to investment committee approval; and •4 thtranche $10 million, subject to trading conditions and subject to investment committee approval. Redemption Recapture Agreement key term: •Up to 5 million share ($50 million) On May 15, 2023, Atalaya, Profusa and Northview signed an NDA and on May 17, 2023 the parties had a Zoom call to discuss the draft term sheets. On May 25, 2023, NorthView and Profusa responded to the draft term sheet via a marked up version of the draft term sheet. Key term changes to the Senior Convertible Note were as follows: •$26 million (an up to $100 million) secured Convertible Notes with 1.3 million detachable warrants (struck at 135% of the Note conversion price) and 7% OID to be funded over multiple tranches at % interest; •1 sttranche $3 million of funding at the Closing of the Merger, less OID; •2 ndtranche $3 million, upon registration of the underlying shares; 131 •3 rdtranche $10 million, subject to trading conditions and subject to investment committee approval; and •4 thtranche $10 million, subject to trading conditions and subject to investment committee approval. On June 2, 2023, Atalaya responded to NorthView and Profusa’s counteroffer and essentially reverted back to their original proposal and on June 20, 2024 the parties executed non -bindingterm sheets for the Senior Convertible Note and Redemption Capture agreement. The Senior Convertible Note key terms included: •$26 million (an up to $100 million) secured Convertible Notes with 1