Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 320

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 320
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 the amount of $ 0.25million with the remaining $ 2.85million converted into 1,277,162shares of New Profusa at $ 2.22/share, Senior Secured Convertible Notes of $ 2.8million in principal and accrued interest converted into 5,542,261shares of New Profusa at $ 0.50/share. Of the 5,542,261New Profusa shares issued to Senior Secured Note holders, 710,220shares were contributed by the Sponsor. As part of the initial shares at closing, the Incentive Equity Value of $ 29,018,330was converted to shares at $ 10per share for 2,901,833shares allocated to the merger consideration, as defined in the Business Combination Amendment No. 4. On July 28, 2025, the Company entered into the Purchase Agreement and a related registration rights agreement (the “ELOC Registration Rights Agreement”), with Ascent (“Purchaser”). Pursuant to the terms and conditions set forth in the Purchase Agreement, the Company may issue and sell to Ascent, shares of its common stock for an aggregate purchase price of up to $ 100million, subject to certain limitations and conditions. Under the Purchase Agreement, the Company may deliver advance notices to the Purchaser to request the purchase of shares of common stock, with each closing to occur on a trading day following the end of a 10 or fewer trading day valuation period commencing on the trading date immediately following the delivery of the Advance Notice, or as determined by the Purchaser. The purchase price per share at each Closing will be equal to 97% of the lowest volume-weighted average price (“VWAP”) of the Company’s common stock during the applicable valuation period, subject to a floor price and other adjustments as set forth in the Purchase Agreement. The maximum purchase price at any single Closing is limited to the lower of (a) $ 5.0million or (b) 100% of the average daily traded value of the common stock for the fivetrading days immediately preceding such Closing. The net proceeds from sales that the Company makes to Ascent under the Purchase Agreement, will depend on the frequency and prices at which the Company sells shares of Common Stock. We expect that any proceeds received from sales of Common Stock to Ascent will be used solely for the purchase of Bitcoin (which can be used for debt repayment) provided that the Company’s cash balance on the date of the