Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 2

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 2
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 Ascent, which we refer to in this prospectus as the Purchase Agreement. Such shares of Common Stock include up to 8,970,830 shares of Common Stock, consisting of (i) up to 8,070,830 shares of Common Stock (the “Purchase Shares”) that we may, in our sole discretion, elect to sell to Ascent, from time to time over a period of up to 36 months from and after the Effective Date (defined below) pursuant to the Purchase Agreement and (ii) 900,000 shares of Common Stock (the “Commitment Warrant Shares” and, together with the Purchase Shares, “ELOC Shares”) issuable upon exercise of the warrants we issued to Ascent upon our execution of the term sheet relating to the Purchase Agreement on July 20, 2025 (the “Commitment Warrants”), as consideration for its commitment to purchase shares of our Common Stock that we may, in our sole discretion, direct Ascent to purchase from us pursuant to the Purchase Agreement. The Commitment Warrants have an exercise price of $0.01 and may be exercised for cash or, if at the time of exercise there is no effective registration statement covering the resale of the Commitment Warrant Shares, on a cashless basis. If we do not require Ascent to purchase any Purchase Shares on or before the 100 th day following the execution of the Purchase Agreement, the number of Commitment Warrant Shares underlying the Commitment Warrants will be reduced to 450,000. We are not selling any securities under this prospectus and will not receive any of the proceeds from the sale of our Common Stock by the Selling Stockholder. However, we may receive up to $100,000,000 in aggregate gross proceeds under the Purchase Agreement from sales of Common Stock we may elect to make to put to Ascent pursuant to the Purchase Agreement after the date of this prospectus. See “The Committed Equity Facility” for a description of the Purchase Agreement and “Selling Stockholder” for additional information regarding Ascent. Ascent may sell or otherwise dispose of ELOC Shares described in this prospectus in a number of different ways and at varying prices. See “Plan of Distribution — Offer and Resale of Common Stock by the Selling Stockholder” for more information about how Ascent may sell or otherwise dispose of ELOC Shares pursuant to this prospectus. Ascent may be deemed to be an “underwriter” within the meaning of Section 2(a)(11)