Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 126

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 all fees and expenses attendant to registering the securities, other than underwriting commissions, which will be paid for by the
holders themselves. The exercise price and number of shares issuable upon exercise of the warrants may be adjusted in certain circumstances
including in the event of a share dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However,
the warrants will not be adjusted for issuances of shares at a price below its exercise price. The Company will have no obligation to
net cash settle the exercise of the warrants. The holder of the warrants will not be entitled to exercise the warrants for cash unless
a registration statement covering the securities underlying the warrants is effective or an exemption from registration is available.

Merger Agreement

On November 7, 2022, NorthView entered into a
Merger Agreement and Plan of Reorganization (the “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