Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 278

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 278
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6.0million net at Ascent’s option •A one -time, non -refundableclosing payment consisting of 3,000,000shares Discussions ensued with AGP, Ascent andNorthView regarding the proposed term sheet and on January 13, 2025NorthView presented a counterproposal that increased the funding amount to $20 million net. The Initial Closing amount increased to $10 million net and the Additional Closing amount increased to $10.0 million net.NorthView’s call option amount was increased to $5.0 million net. The one-time, non-refundable closing payment was eliminated. An ELOC was added as well as a 6 month Lock-Up agreement. Key termswere as follows: •Up to $20million net of 10% OID Senior Secured Convertible Note, 10% interest, 18month maturity •$10.0million net Initial Closing •$10.0million net Additional Closing •$5.0million net “call” option should the stock trade have traded at least $20,000,000 in aggregate over the 30 trading days •$5.0million net cash at Ascent’s option •An ELOC is permitted 3months after the Initial Closing. NorthView must use 17.5% of any proceeds raised from the ELOC to repay any outstanding Notes at face value •6 -monthlock -upsubject to acceleration upon stock trading above $5.00/share for 20 of 30 trading days On January30, 2025, a meeting was held between AGP, Northview and the institutional investor to present the current terms and asked them to consider improving their offer. Ultimately, the institutional investor was unable to better or match the new terms. Discussions continued with Ascent and on January21, 2025, Ascent and NorthView agreed to final terms. The Initial Closing amount increased to $9.0million net and the Additional Closing amount decreased to $11.0million net. The $7.0million net Company call options amount did not change and the Investor Option amount decreased to $4.0million. On January21, 2025, both parties executed the term sheet, which was dated January14, 2025. Key terms are as follows: •Up to $20million net of 10% OID Senior Secured Convertible Note, 10% interest, 18month maturity •$8.0million net Initial Closing •$12.0million net Additional Closing •