Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 377

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 377
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2021, the over-allotment was fully exercised.

The underwriters received a
cash underwriting discount of approximately 1.82% of the gross proceeds of the IPO, or $3,450,000.

Business Combination Marketing Agreement

Under a Business Combination
marketing agreement, the Company engaged I-Bankers and Dawson James as advisors in connection with the Business Combination to assist
the Company in holding meetings with the stockholders to discuss the potential Business Combination and the target business’s attributes,
introduce the Company to potential investors that are interested in purchasing the Company’s securities in connection with the potential
Business Combination, assist the Company in obtaining stockholder approval for the Business Combination and assist the Company with its
press releases and public filings in connection with the Business Combination. The Company was obligated to pay I-Bankers and Dawson
James a cash fee for such marketing services upon the consummation of the initial Business Combination in an amount of 3.68% of the
gross proceeds of the IPO, or $6,986,250. The agreement was amended on November 7, 2022 to allow for the 3.68% business combination
fee to be paid as (a) 27.5% cash and (b) 72.5% to be rolled into equity at closing. Subsequently, on January 19, 2025, the agreement
was modified by the parties such that the Company will be required to pay $2,000,000, payable in cash, if a business combination is consummated.

Representative’s Shares

On December 22, 2021,
the Company issued 450,000 shares (Representative Shares) of common stock (which included 37,500 Representative Shares
issued pursuant to the full exercise of the over-allotment option) at the consummation of the IPO to I-Bankers and Dawson James
(and/or their designees). I-Bankers and Dawson James (and/or their designees) have agreed not to transfer, assign or sell any
such shares until the completion of the initial Business Combination. In addition, I-Bankers and Dawson James (and/or their
designees) have agreed (i) to waive their redemption rights with respect to such shares in connection with the completion of the
initial Business Combination and (ii) to waive their rights to liquidating distributions from the Trust Account with respect to
such shares if the Company fails to complete its initial Business Combination within the Combination Period