Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 233

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 233
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 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 be adjusted to exclude revenue from subsequent “add -on” acquisitions which were not included in the Company’s revenue projections as of the date of this Agreement (such amount, “Earnout Revenue”). 110 Representations, Warranties and Covenants Representations and Warranties The Merger Agreement contains customary representations, warranties and covenants of (a) Profusa and (b) NorthView and Merger Sub. These representations and warranties are subject to materiality, knowledge and other similar qualifications in many respects and expire at the Effective Time. These representations and warranties have been made solely for the benefit of the other parties to the Merger Agreement. The Merger Agreement contains representations and warranties made by Profusa to NorthView and Merger Sub relating to a number of matters, including the following: •organization and qualification to do business, no subsidiaries; •organizational documents; •capitalization; •authority to enter into the Merger Agreement and each ancillary agreement to which it is a party; •no conflicts and required filings and consents; •permits and compliance; •financial statements; •absence of certain changes or events; •absence of litigation; •employee benefit plans; •labor and employment matters; •real property and title to assets; •intellectual property; •taxes; •environmental matters; •material contracts; •insurance; •approval of the Profusa Board and Profusa shareholder vote required; •certain business practices; •interested party transactions; •the Exchange Act; •brokers; and •exclusivity of representations