Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 252

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 252
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 that if additional shares were needed as an incentive to investors, each party would bear the cost equally. The terms of the Lock Up Agreements were advised by investment bankers and legal counsel as being commercially reasonable. The parties will not receive any additional consideration, other than the Aggregate Merger Consideration, as a result of entering into the lock -upagreements. As time progressed, NorthView engaged in parallel and detailed discussions with Company A and Profusa, as discussed in more detail below: •On or about the third week of February 2022, NorthView was introduced to Company A by a merchant banking group, Tungsten Partners (Tungsten), who had previously been engaged by Company A, and on February 24 NorthView and Company entered into a non -disclosureagreement and Company A began to provide detailed information to NorthView. •Tungsten and Company A’s chief executive officer presented to NorthView on March 24 and April4, 2022, respectively. •NorthView engaged in additional due diligence calls with Tungsten on April 20 and26, 2022. •NorthView’s management created an initial analysis of possible business combination terms on April27, 2022, followed by an update call on April29, 2022. •Further discussions led by Tungsten also took place on May2, May 3 and May6, 2022. •On May17, 2022, NorthView’s management developed a preliminary summary of the possible terms of the business combination. •On May23, 2022, while attending the HCW Global Life Sciences Conference in Miami Florida, NorthView’s CEO, Jack Stover, met with Romy Seth of Tungsten to discuss Company A. More detailed discussions between the parties followed on May25, 2022. 121 •On June7, 2022, NorthView’s management, Company A’s management, and Tungsten developed a detailed timeline and schedule outlining the time from signing a letter of intent to the expected closing of a business combination. •Detailed due diligence on Company A subsequently began on June10, 2022, once Company A provided NorthView with virtual data room access. •On May18, 2022, a representative of the M&A group for HCW, who was acting as Profusa’s financial advisor and had been engaged to act as a placement agent in connection with any securities offering (including a private investment in public equity) that Profusa might enter into should it