Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 366

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 366
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 Note that could be drawn on to $ 2.5million. The second amended and restated Note also allows for the conversion of the outstanding principal balance of the Note to be repaid in shares of Company common stock at a price of $ 2.22per share at the election of the sponsor. As of June 30, 2025 and December 31, 2024, the Company had principal outstanding of $ 1,919,796and is presenting the Note at fair value on its balance sheet at June 30, 2025 and December 31, 2024 in the amount of $ 10,288,111and $ 8,908,052, respectively. The Company has deferred the repayment of the Note to six months after the Closing. Securities Purchase Agreement On February 11, 2025, in a private transaction, the Company 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 the Company’s senior secured convertible promissory notes (“Ascent Note”) in an aggregate principal amount of up to $ 22,222,222for a purchase price of up to $ 20,000,000, after a 10% original issue discount (“OID”). As of June 30, 2025 and December 31, 2024, the Company is presenting the Ascent Note at fair value on its balance sheet at June 30, 2025 and December 31, 2024 in the amount of $ 193,878and $0, respectively (See details on Note 6). As a result of the Business Combination, pursuant to the SPA, the Company issued a PIPE Convertible Note in the principal amount of $ 10,000,000(the “Initial Note”) for a purchase price of $ 9,000,000, reflecting a 10% OID. The Initial Note matures on the date that is 18 -monthsfrom the Closing and is convertible at any time at the Investor’s option at a conversion price equal to the lower of $ 10or 95% of the lowest daily volume -weightedaverage price per share of the post -combinationcompany common stock in the 10trading days prior to the original issue date of the Initial Note and shall be adjusted, without limitation, based on down -roundand most -favorednation (MF