Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 706

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 706
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000 shares of common stock of the Company (the “ Common Stock ” and such shares, the “ Founder Shares ”); WHEREAS , in October 2021, Sponsor forfeited 862,500 Founders Shares, resulting in Sponsor holding 4,312,500 Founder Shares; WHEREAS , on December 20, 2021, and declared a 1.1-for-1 stock dividend resulting in Sponsor holding 4,743,750 (the “ Stock Dividend ”); WHEREAS , on December 20, 2021, the Company, the Sponsor, I-Bankers Securities, Inc. (“I-Bankers”), and Dawson James Securities, Inc. (“ Dawson James ”) entered into those certain Private Placement Warrants Purchase Agreements, pursuant to which the Sponsor, I-Bankers and Dawson James purchased an aggregate of 7,347,500 warrants (the “ Private Placement Warrants ”) at a price of $1.00 per warrant in a private placement transaction occurring simultaneously with the closing of the Company’s initial public offering on December 22, 2021; WHEREAS , in order to finance the Company’s transaction costs in connection with an intended initial Business Combination (as defined below), the Sponsor, an affiliate of the Sponsor or certain officers and directors of the Company may loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible into warrants (the “ Working Capital Warrants ”) at a price of $1.00 per warrant at the option of such lender; and WHEREAS , concurrently with the execution and delivery of this Agreement, the Company, NV Profusa Merge Sub, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“ Merger Sub ”) and Profusa, Inc., a California corporation (“ Target ”), have entered into that certain Merger Agreement and Plan of Reorganization (the “ Merger Agreement ”), pursuant to which, among other things, Merger Sub will merge with and into Target, with Target being the surviving corporation as a wholly-owned subsidiary of the Company (the “ Merger ”); WHEREAS , the Company is party to certain convertible notes (the “ Convertible Notes ”), which, among other things, are convertible into the Parent Common Stock as of the Closing of the Merger Agreement pursuant to Section 3.01(b)(v) thereof; WHEREAS , concurrently with the execution and delivery of this Agreement, the Sponsor, I-Bankers, Dawson James