Company: PFSA
Filing Date: 2025-02-19
Form Type: 8-K
Source: 0001213900-25-014987
Chunk: 0

Company: Profusa, Inc.
Filing Date: 2025-02-19
Form: 8-K
Item: Item 1.01
Chunk 0
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Item
1.01 Entry into a Material Definitive Agreement.

Amendment
to Merger Agreement

As
previously disclosed, on November 7, 2022, NorthView Acquisition Corp., a Delaware corporation (“ NorthView”), entered into
an Merger Agreement and Plan of Reorganization (as amended on September 12, 2023, January 12, 2024,
March 4, 2024,

On
February 11, 2025, the parties to the Merger Agreement entered into Amendment No. 4 to the Merger Agreement (the “ Amendment”)
pursuant to which the parties agreed to revise the Company Reference Value (as defined in the Merger Agreement) to adjust for financing
proceeds received by Profusa prior to the Business Combination, along with debt conversions and incentive shares to be issued. Additionally,
the Amendment (i) revised the definition of “ Milestone Event III” such that the parties extended the period for Profusa to
consummate the APAC Joint Venture (as defined in the Merger Agreement) and receive the related funding from December 31, 2024 until December
31, 2025, and (ii) revised the definition of “ Milestone Event IV” to change the earnout revenue target from $99,702,000
for the fiscal year ended December 31, 2025 to an earnout revenue target of $11,864,000 for the fiscal year ended December 31, 2026.

The
foregoing descriptions of the Amendment is not complete and is subject to and qualified in
its entirety by reference to the Amendment, a copy of which is filed with this Current Report
on Form 8-K as Exhibit 2.1, and the terms of which are incorporated by reference herein.

Securities
Purchase Agreement

Additionally,
on February 11, 2025, in a private transaction, NorthView entered into a securities purchase agreement (the “ SPA”) with an
institutional investor (the “ Investor”). Pursuant to the SPA, the Investor is expected, subject to the conditions relating
to such purchase set forth in the SPA, to purchase from NorthView senior secured convertible promissory notes in an aggregate principal
amount of up to $22,222,222 (the “ Convertible Notes”) for a purchase price of up to $20,000,000, after a 10% original issue
discount (“ OID”). The SPA contemplates that the Convertible Notes