Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 39

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 “Merger Agreement”), by and among Merger Sub., and Profusa, Inc., a California
corporation (“Profusa”). The Merger Agreement provides that, among other things, at the closing of the transactions contemplated
by the Merger Agreement, Merger Sub will merge with and into Profusa (the “Merger”), with Profusa surviving as a wholly-owned
subsidiary of NorthView.

At the Special Meeting held on June 9, 2025,
the Company’s stockholders voted to approve the proposals outlined in the Proxy Statement/Prospectus, including, among other things,
the adoption of the Merger Agreement and approval of the transactions contemplated by the Merger Agreement, including the merger of Merger
Sub with and into Profusa, with Profusa continuing as the surviving corporation and as a wholly-owned subsidiary the Company, and the
issuance of the Company’s common stock as consideration thereunder. On July 11, 2025, the Closing was completed.

In connection with the Closing, the Company changed
its name to “Profusa, Inc.”

19

Advisory Agreements

On December 19, 2024, the Company engaged A.G.P
to serve as the placement agent in connection with a proposed business combination transaction. The Company shall pay to A.G.P. a cash
fee (the “Cash Fee”) equal to 9.0% in a convertible note offering, note, or other similar equity-linked offerings, and shall
be calculated from the face value of notes issued, which is payable at the close of a Business Combination. On June 17, 2025, the Company
entered a settlement agreement with A.G.P. for the Cash Fee of $968,000 related to the debt private placement (the “Offering”)
that was issued at the Closing. Pursuant to the settlement agreement, as a result of the Business Combination, the Company paid A.G.P.
$550,000 at the Closing and the remaining $418,000 of the fees was deferred and due on the earlier of (i) the second tranche of the debt
private placement being issued and (ii) December 31, 2025. The Company also agreed to reimburse A.G.P. $50,000 for expenses incurred
in connection with the offering.

On June 15, 2023, the Company engaged the Benchmark Company LLC (“Benchmark”)
to provide advisory services related to the Business Combination and the Convertible Notes.