Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 378

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 378
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, 2024 until December 31, 2025, and (ii) revised the definition of “Milestone Event IV” to change the earnout revenue target from $ 99,702,000for the fiscal year ended December 31, 2025 to an earnout revenue target of $ 11,864,000for the fiscal year ended December 31, 2026. Advisory Agreement 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 -linkedofferings, and shall be calculated from the face value of notes issued, which is payable at the close of a Business Combination. If the Business Combination does not successfully close, A.G.P. will not be entitled to any cash fee. Securities Purchase Agreement On February 11, 2025, in a private transaction, the Company entered into a securities purchase agreement (the “SPA”) with an institutional investor (the “Investor”). Pursuant to the SPA, the Investor is expected, subject to the conditions relating to such purchase set forth in the SPA, to purchase from the Company’s senior secured convertible promissory notes in an aggregate principal amount of up to $ 22,222,222(the “Convertible Notes”) for a purchase price of up to $ 20,000,000, after a 10% original issue discount (“OID”). The SPA contemplates that the Convertible Notes will be purchased in multiple tranches: (i)The initial closing amount of $ 9,000,000will be purchased, subject to the conditions set forth in the SPA, at the consummation (the “Initial Closing Date”) of the Business Combination. The Convertible Notes to be issued by the Company on the Initial Closing Date will be in an aggregate principal amount of $ 10,000,000. (ii)Prior to the one -yearanniversary of the Initial Closing Date, subject to the conditions set forth in the SPA, the Company may request that the Investor purchase additional Convertible Notes having an aggregate principal amount of up to $ 12,222,222at a purchase price of $ 11,000,000(reflecting a 10% OID), as follows: (a)Provided a registration statement has been filed for the shares underlying the