Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 269

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 269
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 the Merger Agreement”) pursuant to which the parties agreed to extend the Outside Date from March22, 2025 to June22, 2025, to coincide with the extension of NorthView’s business combination period. Background to Discussions with Financing Sources Prior to NorthView entering into a Business Combination, NorthView management and Cohen & Company had a Zoom call on July 28, 2022 and again on August 10, 2022 to discuss the state of the SPAC market, Cohen & Company’s capabilities and Cohen & Company’s interest in supporting SPAC funding around NorthView’s expected business combination in the future. Cohen & Company also discussed its affiliate Vellar Opportunities Fund Master, Ltd. (“Vellar”) and the parties agreed to coordinate a meeting with Vellar. On August 16, 2022, Cohen & Company and its affiliate Vellar had a Zoom call with NorthView to discuss Vellar’s capabilities and interest in supporting general SPAC funding. Vellar representatives presented a sample share forward transaction term sheet. The parties reviewed and discussed the instrument in detail and no further discussions ensued regarding potential financing or targets after the meeting. Neither Cohen & Company nor Vellar have relationships or affiliations with NorthView or its Sponsor. On October 2, 2022 Benchmark and Northview entered into a non -disclosureagreement and began discussing investment opportunities, options and the changing state of the SPAC market and how it could affect NorthView. Benchmark was formally engaged on June 15, 2023 to provide capital market advisory and merger advisory services. 131 On February 28, 2023, HCW contacted NorthView and Profusa and communicated that Vellar was interested in providing a structured debt instrument, which could bring $5 million at close and another $5 million once shares were registered. They would also move quickly and could get a term sheet in two weeks. Both NorthView and Profusa agreed to a due diligence meeting and HCW coordinated a Zoom meeting for March 2, 2023. On March 2, 2023 representatives of Vellar, Profusa management and NorthView management had a virtual meeting. Profusa provided a business update and then the group discussed financing alternatives. Discussions ensued and it was agreed to continue to have discussions on private placement financing. On March 21, 2023 HCW delivered Vellar’s non -binding$25 million Secured Convertible Note term sheet to be reviewed in a Zoom meeting scheduled for March 23, 2023. Compared to