Company: PFSA
Filing Date: 2025-08-11
Form Type: PRE 14A
Source: 0001213900-25-073801
Chunk: 9

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: PRE 14A
Chunk 9
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 Termination Date”). Following the effective date, on any trading day, the Company may deliver from time to time advance notices (each, an “ Advance Notice”) to Ascent to request the purchase of shares of common stock, with each closing (a “ Closing”) to occur during a period following the end of a 10 or fewer trading day valuation period commencing on the trading date immediately following the delivery of the Advance Notice (the “ Valuation Period”), or as determined by the Purchaser. The purchase price per share at each Closing will be equal to 97% lowest volume -weightedaverage price (“ VWAP”) of the Company’s common stock during the applicable Valuation Period, subject to a floor price and other adjustments as set forth in the Purchase Agreement. The maximum purchase price at any single Closing is limited to the lower of (a) $5,000,000 or (b) 100% of the average daily traded value of the common stock for the five trading days immediately preceding such Closing. The number of shares to be issued in any advance notice may be automatically reduced to ensure compliance with these limits. Each purchase is subject to adjustment for any stock splits, stock dividends, recapitalizations, or similar transactions as provided in the Purchase Agreement. The Company is not obligated to issue or sell any shares to Ascent if, after giving effect to such issuance, Ascent (together with its affiliates and certain related parties) would beneficially own more than 9.99% of the Company’s outstanding common stock immediately after such issuance (as calculated pursuant to Section 13(d) of the Exchange Act and Rule 13d -3thereunder), unless Ascent provides at least 61 days’ prior notice to increase or decrease this limitation, but in no event may it exceed 9.99%. The Company is required to deliver the purchased securities as DWAC shares to Ascent on the date that it delivers the applicable Advance Notice. If the Company fails to timely deliver the shares, Ascent may, among other remedies, deem the Advance Notice rescinded or require the Company to pay certain cover costs. The Purchaser may resell the purchased securities during the valuation period, and the Company is obligated to return any surplus shares if the Maximum Aggregate Purchase Price is exceeded. In the event that the value of all of the Purchase Shares delivered to Ascent exceeds $100,000,000, then Ascent shall return to the to the Company the surplus amount of Purchase Shares. Sales of shares of common stock to Ascent under