Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 594

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 594
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 Transaction at any time in the Milestone Event II Period, pursuant to which the stockholders of Parent have the right to receive consideration implying a per share value of Parent Common Stock of at least $14.50 (as determined in good faith by the Parent Board); provided that, if and to the extent the consideration payable to the holders of Parent Common Stock in such Subsequent Transaction includes consideration other than cash and the value of such consideration is not specified in or determined by the definitive agreement relating to such Subsequent Transaction, the price for such non-cash consideration shall be determined by the Parent Board in good faith. “ Milestone Event II Period ” the period commencing on the 360 day anniversary and ending on the two (2) year anniversary of the Closing Date. “ Milestone Event III ” means the achievement of Earnout Revenue of $5,100,000 for the fiscal year ended December 31, 2023. “ Milestone Event IV ” means the achievement of Earnout Revenue of $73,100,000 for the fiscal year ended December 31, 2024. “ Milestone Events ” means Milestone Event I, Milestone Event II, Milestone Event III, and Milestone Event IV, collectively. For the avoidance of doubt, any event (including a Subsequent Transaction) that would satisfy the requirements of both Milestone Event I and Milestone Event II, shall be deemed to constitute a Milestone Event for purposes of both Milestone Event I and Milestone Event II. “ Minimum Cash Amount ” means $15,000,000 or such other amount as may be agreed in writing by Parent and the Company. “ Off-the-Shelf Software ” means any commercially available shelf Software (including software-as-a-service or similar arrangements) that is licensed or provided other than through a written agreement executed by the licensee (such as via clickwrap, browse-wrap, or shrink-wrap licenses) or that has annual license or user-fees less than $100,000. “ Open Source Software ” means any Software in source code form that is licensed pursuant to (i) any license that is a license now or in the future approved by the open source initiative and listed at http://www.opensource.org/licenses , which licenses include all versions of the GNU General Public License (GPL), the GNU Lesser General Public License (LGPL), the GNU Affero GPL, the MIT license, the Eclipse Public License, the Common Public License, the CDDL, the Mozilla Public License (MPL), the Artistic License, the Netscape Public