Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 137

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 137
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View exchanged the Profusa Common Stock for 4,170,932shares of New Profusa, on an as converted price of $0.34 per share. The Exchange Ratio and the Company Reference Share Value were $0.94 and $9.40, respectively. The outstanding principal balance of the Profusa Senior Secured Convertible Promissory Notes and all accrued but unpaid interest converted into Profusa Common Stock and NorthView exchanged the Profusa Common Stock for 5,542,261shares of New Profusa, an as converted price of $0.50 per share. •NorthView’s Convertible Working Capital loan will be converted subsequent to the close of the Business Combination in a future registration statement. The principal outstanding of the note was of $1,919,796 as of March31, 2025 which has been fair value adjusted on the balance sheet at March31, 2025 to $9,133,382 which is included in the pro forma at the current balance as no interest accrues on this note and will be converted into 863,908shares of New Profusa, at an as converted price of $2.22 per share. •Upon consummation of the Merger the former holders of Profusa’s common stock, senior convertible notes, junior convertible notes and vested in -the-moneyProfusa Options (the “Participating Securityholders”) received certain rights, under which in the future New Profusa may issue to the Participating Securityholders 81 an aggregate of 3,875,000 shares of New Profusa’s common stock (the “Milestone Earnout Shares”) during the respective earnout periods in equal ¼ installments upon achievement of the following four Milestone Events: -Milestone I Earnout Rights: share price of New Profusa Common Stock is equal to or greater than $12.50 for any 20 trading days during any 30 days trading period or consummation of a Subsequent Transaction where the stockholders of New Profusa will receive a consideration of at least $12.50 for each share of New Profusa Common Stock (“Milestone Event I”). The Milestone I period will commence on the 18 -monthanniversary and end on the two -yearanniversary of the closing date of the Merger (“Milestone Event I Period”); -Milestone II Earnout Rights: share price of New Profusa Common Stock is equal to or greater than $14.50 for any 20 trading days during any 30 days trading period