Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 276

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 276
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 NorthView and their respective counsel reviewed such term sheets and discussions with the institutional investor continued through November of 2024. On November 13, 2024, Northview 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. Pursuant to the engagement letter, AGP shall serve as the non -exclusiveplacement 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. Additionally, NorthView shall pay AGP a cash fee equal to 9.0% of the face value of any convertible note offering, or other similar equity -linkedoffering. 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 11, 2025 Ascent presented NorthView a draft term sheet for a Convertible Note transaction. Key terms were as follows •Up to $16million net of 10% OID Senior Secured Convertible Note, 10% interest, 18month maturity •$8.0million net Initial Closing •$8.0million net Additional Closing •$2.0million net “call” option should the stock trade a threshold amount of aggregate volume amount over the 30 trading days. Such aggregate amount was not yet determined in this initial draft term sheet. 135 •$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