Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 230

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 230
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 terms of the applicable Profusa Convertible Note, which shall be $7.00 per share for the junior convertible notes and $4.00 per share for the senior convertible notes. Earnout Following the Closing, holders of Profusa Common Stock, in -the-moneyProfusa Options or Profusa Convertible Notes, in each case, as of immediately prior to the Closing, will receive a pro rata portion of the Earnout Shares if certain milestone events occur within two years after the Closing. One -quarterof the Earnout Shares will be issued if, during the period beginning on the 18 -monthanniversary and ending on the second anniversary of the Closing, the New Profusa Common Stock achieves a market price of $12.50 per share for any 20 trading days within any 30 -consecutivetrading period, or Profusa consummates a transaction in which its stockholders have the right to receive consideration implying a value of at least $12.50 per share (“Milestone Event I”). An additional 25% of the Earnout Shares will be issued if, during the period beginning 360 days after the Closing and ending on the second anniversary of the Closing, the Profusa Common Stock achieves a market price of $14.50 per share for any 20 trading days within any 30 -consecutivetrading period, or Profusa consummates a transaction in which its stockholders have the right to receive consideration implying a value of at least $14.50 per share (“Milestone Event II”). For purposes of satisfying Milestone Event I or Milestone Event II, each of the applicable 30 -daytrading period shall not overlap provided however, that in event that such 30 -daytrading period could satisfy either Milestone Event I or Milestone Event II, then Milestone Event II shall be deemed to be satisfied first. An additional 25% of the Earnout Shares will be issued if, prior to December31, 2025, Profusa consummates the APAC Joint Venture and receives the related $6 million funding (“Milestone Event III”). The final 25% of the Earnout Shares will be issued if, during fiscal year ended December 31, 2026, Profusa achieves Earnout Revenue of $11,864,000, as determined in accordance with GAAP and reported on the combined company’s applicable Forms 10 -Kor 10 -Qfiled with the SEC (“Milestone Event IV”); provided that such revenue shall