Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 260

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 260
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 and expertise. This was followed by a call with the parties and the representative of HCW on May31, 2022, where more details of Profusa were shared and a mutual non -disclosureagreement was signed to further the diligence process with Profusa. Accordingly, NorthView was granted access to a virtual data room which was in the process of being updated. Additionally, Profusa and NorthView began exchange proposed terms for a potential transaction. HCW will receive a transaction fee in connection with the Business Combination. See “ Proposal 1 — The Business Combination Proposal — Related Agreements” for more information. •From June 1 to June3, 2022, NorthView management provided Profusa with drafts of a term sheet and discussed the proposed terms with Profusa’s management. Included in the term sheets were sources & uses of funds, pro forma cap tables, estimated fees and earnouts provisions based on various post -closestock price trading. •On June2, 2022, NorthView presented Profusa with an initial draft of a non -exclusiveletter of intent (“LOI”). •On June8, 2022, NorthView management presented the detailed terms of the two non -exclusiveletters of intent for Company A and Profusa to the NorthView Board of Directors who approved signing both letter of intent in substantially the form presented. •From June 2 through June12, 2022, there were various calls, meetings, discussions and negotiations related to the key terms of the letters of intent. The Profusa LOI, which valued Profusa at $155 million, was finalized on June10, 2022 and subsequently executed on June13, 2022, with an effective date of June10, 2022. The parties held an update call with representatives of Profusa management, NorthView management, HCW and I -BankersSecurities on or about June15, 2022. •In addition to the Profusa LOI, NorthView entered into a second non -exclusiveletter of intent with Company A, effective as of June10, 2022. •On June16, 2022, Tungsten initiated a weekly update call including the CEO of Company A, representatives of I -Bankers, two representatives of Tungsten and NorthView management. •On June23, 2022, a list of updated documents in the Profusa virtual data room was presented to NorthView. The virtual data room was populated with, among other things, documents relating to Prof