Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 267

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 267
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 earn -outopportunity up to $38.75 million. (ii)Earn -outmilestones based on revenue and stock price. • $15 million of minimum net cash at close. • Financial inducements to meet minimum cash requirements (i)Sponsor and Profusa will contribute an aggregate of up to 1,300,000 incentive shares of NorthView Common Stock with 80% of such shares contributed by Sponsor and 20% contributed by Profusa. (ii)If additional incentive shares above 1,300,000shares are required, Profusa and Sponsor will each contribute 50% of such shares, respectively. (iii)Sponsor and Profusa will have the ability to obtain additional shares, pursuant to the Profusa Inducement Recoupment Earnouts (as defined below). • Lock -up agreement:A one -yearlock -upperiod, with 25% of the lock -upshares releasing six months after closing, and 25% of the lock -upshares releasing nine months after closing. • Customary Representations and Warranties. 130 On November 3, 2022, a NorthView Board meeting was called in order to formally approve the Merger Agreement, and the Merger Agreement was executed on November 7, 2022. On September 12, 2023, the parties to the Merger Agreement entered into an Amendment No. 1 to the Merger Agreement (“Amendment No. 1 to the Merger Agreement”) pursuant to which the parties agreed to revise the revenue earnout milestones to reflect the Updated Projections, as described below. Specifically, Amendment No. 1 revised the definition of “Milestone Event III” and “Milestone Event IV” such that one -quarterof the Earnout Shares would be issued to Profusa shareholders if the combined company achieves Earnout Revenue of $11,864,000 for the fiscal year ended December 31, 2024, and one -quarterof the Earnout Shares would be issued to Profusa shareholders if the combined company achieves Earnout Revenue of $99,702,000 for the fiscal year ended December 31, 2025. On September 13, 2023, NorthView filed a Current Report on Form 8 -Kregarding Amendment No. 1 to the Merger Agreement with the SEC. On January 12, 2024, the parties to the Merger Agreement entered into an Amendment No. 2 to the Merger Agreement (“Am