Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 266

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 266
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 such that the parties extended the period for Profusa to consummate the APAC Joint Venture and receive the related funding until December31, 2025, and extended the period for Profusa to achieve Earnout Revenue of $11,864,000 for the fiscal year ended December31, 2026. On February19, 2025, NorthView filed a Current Report on Form 8 -Kregarding Amendment No. 4 to the Merger Agreement with the SEC. On April2, 2025, the parties to the Merger Agreement entered into an Amendment No. 5 to the Merger Agreement (“Amendment No. 5 to 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. 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