Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 70

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 70
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 These amounts were repaid in full upon the closing of NorthView’s IPO out of the offering proceeds that had been allocated to the payment of offering expenses (other than underwriting commissions). (2)On April 27, 2023, NorthView signed a Convertible Working Capital Promissory Note with the Sponsor for $1,200,000. The Note is non -interestbearing and is due the earlier of the consummation of a business combination or the date of liquidation. The Sponsor may elect to convert all or any portion of the unpaid principal balance of this Note into warrants,

9 at a price of $1.00 per warrant. On January 10, 2024, NorthView’s Board of Directors approved, and NorthView amended the Note to increase the principal amount of the Note that could be drawn on to $1.5 million. The amended and restated Note also allows for the conversion of the outstanding principal balance of the Note to be repaid in shares of NorthView Common Stock at a price of $2.22 per. On May 31, 2024, NorthView’s Board of Directors approved and NorthView entered into a second amendment of its Convertible Working Capital Promissory Note with the sponsor to increase the principal amount of the Note that could be drawn on to $2.5 million. The second amended and restated Note also allows for the conversion of the outstanding principal balance of the Note to be repaid in shares of NorthView Common Stock at a price of $2.22 per share. The Note will be converted at Closing of the Business Combination. (3)On February 11, 2025, NorthView executed a Securities Purchase Agreement (the “PIPE Subscription Agreement”) with Ascent Partners Fund LLC (the “PIPE Investors”). Pursuant to the PIPE Subscription Agreement, the PIPE Investors are expected, subject to the conditions relating to such purchase set forth in the PIPE Subscription Agreement, to purchase from NorthView senior secured convertible notes in an aggregate principal amount of up to $22,222,222 (the “PIPE Convertible Notes”) for a purchase price of up to $20,000,000, after 10% OID. The PIPE Subscription Agreement contemplates that the PIPE Convertible Notes will be purchased (the “Investment” or the “PIPE”) across multiple tranches. The proceeds from the purchase of the PIPE Convertible Notes will be used for working capital purposes. The potential dilutive impact of the PIPE Subscription Agreement is described further in the section