Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 256

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 256
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. The Inducement Share amount of up to 1,300,000shares, allocated among Sponsor and Profusa, was suggested by NorthView’s investment bankers in order to reduce the cost basis of potential investors. It was agreed that Sponsor would initially provide up to 1,040,000 of the incentive shares and Profusa would provide up to 260,000shares from its Aggregate Merger Consideration. Further, the parties agreed that if additional shares were needed as an incentive to investors, each party would bear the cost equally. The terms of the Lock Up Agreements were advised by investment bankers and legal counsel as being commercially reasonable. The parties will not receive any additional consideration, other than the Aggregate Merger Consideration, as a result of entering into the lock -upagreements. As time progressed, NorthView engaged in parallel and detailed discussions with Company A and Profusa, as discussed in more detail below: •On or about the third week of February 2022, NorthView was introduced to Company A by a merchant banking group, Tungsten Partners (Tungsten), who had previously been engaged by Company A, and on February 24 NorthView and Company entered into a non -disclosureagreement and Company A began to provide detailed information to NorthView. •Tungsten and Company A’s chief executive officer presented to NorthView on March 24 and April4, 2022, respectively. •NorthView engaged in additional due diligence calls with Tungsten on April 20 and26, 2022. •NorthView’s management created an initial analysis of possible business combination terms on April27, 2022, followed by an update call on April29, 2022. •Further discussions led by Tungsten also took place on May2, May 3 and May6, 2022. •On May17, 2022, NorthView’s management developed a preliminary summary of the possible terms of the business combination. •On May23, 2022, while attending the HCW Global Life Sciences Conference in Miami Florida, NorthView’s CEO, Jack Stover, met with Romy Seth of Tungsten to discuss Company A. More detailed discussions between the parties followed on May25, 2022. •On June7, 2022, NorthView’s management, Company A’s management, and Tungsten developed a detailed timeline and schedule outlining the time from signing a letter of intent to the expected closing of a business combination. 127 •Detailed