Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 267

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 267
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 conversions that could be received by Profusa prior to the Business Combination. On March 14, 2024, NorthView filed a Current Report on Form 8 -Kregarding Amendment No. 3 to the Merger Agreement with the SEC. On February11, 2025, the parties to the Merger Agreement entered into an Amendment No. 4 to the Merger Agreement (“Amendment No. 4 to the Merger Agreement”) pursuant to which the parties agreed to revise the Company Reference Value to adjust for financing proceeds received by Profusa prior to the Business Combination, along with debt conversions and incentive shares being issued. Additionally, Amendment No. 4 to the Merger Agreement revised the definition of “Milestone Event III” and “Milestone Event IV” such that the parties extended the period for Profusa to consummate the APAC Joint Venture and receive the related funding until December31, 2025, and extended the period for Profusa to achieve Earnout Revenue of $11,864,000 for the fiscal year ended December31, 2026. On February19, 2025, NorthView filed a Current Report on Form 8 -Kregarding Amendment No. 4 to the Merger Agreement with the SEC. On April2, 2025, the parties to the Merger Agreement entered into an Amendment No. 5 to the Merger Agreement (“Amendment No. 5 to the Merger Agreement”) pursuant to which the parties agreed to extend the Outside Date from March22, 2025 to June22, 2025, to coincide with the extension of NorthView’s business combination period. Background to Discussions with Financing Sources Prior to NorthView entering into a Business Combination, NorthView management and Cohen & Company had a Zoom call on July 28, 2022 and again on August 10, 2022 to discuss the state of the SPAC market, Cohen & Company’s capabilities and Cohen & Company’s interest in supporting SPAC funding around NorthView’s expected business combination in the future. Cohen & Company also discussed its affiliate Vellar Opportunities Fund Master, Ltd. (“Vellar”) and the parties agreed to coordinate a meeting with Vellar. On August 16, 2022, Cohen & Company and its affiliate Vellar had a Zoom call with NorthView to discuss Vellar’s capabilities and interest in supporting general SPAC funding. Vellar representatives presented a sample share forward transaction term sheet. The parties reviewed and discussed the instrument in detail and no further