Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 268

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 268
---
view and Profusa met with a representative of Alliance Global Partners (“AGP”) to discuss Profusa and potential PIPE and working capital opportunities. Discussions ensued with AGP and on December 6, 2024, NorthView and AGP signed an engagement letter dated December 19, 2024. The letter constituted the agreement between NorthView and AGP where AGP shall serve as the non -exclusive placement agent, advisor or underwriter in any public or private offering or financing of NorthView’s securities in connection with a proposed business combination transaction between NorthView and Profusa Inc. NorthView shall pay to AGP a cash fee equal to 9.0% in a convertible note offering, note, or other similar equity -linked offerings, and shall be calculated from the face value of notes issued. On January 10, 2025, AGP facilitated an introductory meeting between NorthView, Profusa and Ascent Partners Fund LLC (“Ascent”) to discuss Profusa’s business opportunities and the combined company’s financing requirements. Discussions ensued and on January 14, 2025 NorthView and Ascent executed a non -binding term sheet for the purchase of convertible promissory notes. A planning meeting between the principals and legal representatives of NorthView, Profusa, AGP and Ascent was held on January 22, 2025 to discuss drafting definitive documents. On February 11, 2025, NorthView and the PIPE Investors executed the PIPE Subscription. See section entitled “ Summary of The Proxy Statement/Prospectus — PIPE Transaction ” for a summary of the terms of the PIPE Subscription with the PIPE Investors. Opinion of Marshall & Stevens On July 2, 2022, NorthView verbally authorized Marshall & Stevens to evaluate the fairness, from a financial point of view, to NorthView of the consideration to be received by NorthView in consideration of the issuance of its equity securities to the equity holders of Profusa in connection with the anticipated acquisition by NorthView of one hundred percent of the equity and equity equivalents (“equity”) and/or all or substantially all of the assets and business (the “business”) of Profusa. Marshall & Stevens was formally engaged via engagement letter on July 19, 2022. On July 20, 2022, Marshall & Stevens presented its draft analyses regarding the fairness of the transaction to NorthView, from a financial point of view, to NorthView’s Board. On October 12, 2022, Marshall & Stevens provided an updated analysis, which reflected,