Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 137

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 137
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2026 (“Milestone Event IV,” and, together with Milestone Event I, Milestone Event II and Milestone Event III   
 the “Milestone Events”). Milestone I Earnout Rights, Milestone II Earnout Rights, Milestone III Earnout Rights 
 and Milestone IV Earnout Rights are further referred to collectively as “Milestone Earnout Rights”.            |

78 PIPE Lock-Up Agreement On July 11, 2025, the PIPE Investors entered into a lock-up agreement (the “PIPE Lock-Up Agreement”), pursuant to which they agreed to, subject to certain customary exceptions, not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of any shares of New Profusa Common Stock or securities convertible, exchangeable or exercisable into, shares of New Profusa Common Stock beneficially owned, held or acquired by them. The period for such restrictions shall apply from the Closing date until the termination of the PIPE Lock-Up Agreement in accordance with its terms. The foregoing description of the PIPE Lock-Up Agreement is not complete and is qualified in its entirety by reference to the text of such document, a form of which is filed as Exhibit 10.8 hereto and incorporated herein by reference. PIPE Registration Rights Agreement On July 11, 2025, New Profusa and the PIPE Investors entered into a registration rights agreement (the “PIPE Registration Rights Agreement”). The PIPE Registration Rights Agreement provides customary demand and piggyback registration rights. Pursuant to the PIPE Registration Rights Agreement, New Profusa will, as soon as practicable, but in any event within 20 calendar days after the Closing Date, use its reasonable best efforts to file with the SEC a registration statement registering the resale of certain New Profusa Common Stock issuable to the PIPE Investors upon conversion of the PIPE Convertible Notes. New Profusa will use its reasonable efforts to have the registration statement declared effective as soon as practicable after the filing thereof, but no later than the 45 hcalendar day (but in any event no later than the 60 thcalendar day) following the Closing. After giving effect to the Business Combination transaction and the issuance of the Merger Consideration described above, there are 111,250,017 shares of our Common Stock issued and outstanding. The following summarizes the pro forma Common Stock:

|                                                                       |     | Pro Forma Combined |             |     |   |       |
| Shareholder                                                           |     | Shares             |             |     | % |       |
| NorthView public shareholders(3)