Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 11

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 11
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 to the 900,000 Commitment Warrant Shares, for which we have not and will not receive any cash consideration) are being registered under the Securities Act for resale by Ascent under the registration statement that includes this prospectus. If we were to issue and sell all of such 8,070,830 Purchase Shares to Ascent (without taking into account the 19.9% Exchange Cap limitation) at an assumed purchase price per share of $0.68, representing the closing sale price of our Common Stock on Nasdaq on July 25, 2025, we would only receive approximately $5.5 million in aggregate gross proceeds from the sale of such Purchase Shares to Ascent under the Purchase Agreement. Depending on the market prices of our Common Stock on the Purchase Dates on which we elect to sell such Purchase Shares to Ascent under the Purchase Agreement, we may in the future need 3 to register under the Securities Act additional shares of our Common Stock for resale by Ascent which, together with the 8,070,830 Purchase Shares included in this prospectus, will enable us to issue and sell to Ascent such aggregate number of shares of Common Stock under the Purchase Agreement as will be necessary in order for us to receive aggregate proceeds equal to Ascent’s $100,000,000 maximum aggregate purchase commitment available to us under the Purchase Agreement. If we elect to issue and sell to Ascent more than 6,554,496 of the ELOC Shares out of the total of 8,970,830 ELOC Shares being registered under the Securities Act for resale by Ascent under the registration statement that includes this prospectus (900,000 of which shares represent the Commitment Warrant Shares issuable upon exercise of the Commitment Warrants we issued to Ascent upon execution of the Term Sheet related to the Purchase Agreement on July 20, 2025, for which we have not and will not receive any cash consideration), which we have the right, but not the obligation, to do, we must first (i) obtain stockholder approval to issue shares of Common Stock in excess of the Exchange Cap under the Purchase Agreement in accordance with applicable Nasdaq rules, unless the average price for all shares of our Common Stock purchased by Ascent under the Purchase Agreement equals or exceeds $0.68 per share, such that the Exchange Cap limitation would not apply under applicable Nasdaq rules, and (ii) file with the SEC one or more additional registration statements to register under the Securities Act for the offer and