Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 280

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 280
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5, a meeting was held between AGP, Northview and the institutional investor to present the current terms and asked them to consider improving their offer. Ultimately, the institutional investor was unable to better or match the new terms. Discussions continued with Ascent and on January21, 2025, Ascent and NorthView agreed to final terms. The Initial Closing amount increased to $9.0million net and the Additional Closing amount decreased to $11.0million net. The $7.0million net Company call options amount did not change and the Investor Option amount decreased to $4.0million. On January21, 2025, both parties executed the term sheet, which was dated January14, 2025. Key terms are as follows: •Up to $20million net of 10% OID Senior Secured Convertible Note, 10% interest, 18month maturity •$8.0million net Initial Closing •$12.0million net Additional Closing •$2.0million net Company “call” option should the stock trade have traded at least 15,000,000shares in aggregate •$5.0million net Company “call” option should the stock trade have traded at least $35,000,000 in aggregate and the stock is trading above $4.00 137 •$5.0million net at Ascent’s option anytime within 12months of the Initial Closing •An ELOC is permitted 3months after the Initial Closing. NorthView must use 17.5% of any proceeds raised from the ELOC to repay any outstanding Notes at face value •6 -monthlock -upsubject to acceleration upon stock trading above $5.00/share for 20 of 30 trading days A planning meeting between the principals and legal representatives of NorthView, Profusa, AGP and Ascent was held on January 22, 2025 to discuss drafting definitive documents. On January 28, 2025, Ascent’s counsel delivered an initial draft of the PIPE Subscription Agreement to NorthView, Profusa and their respective counsels, including the form of convertible note. Drafts of such documents were exchanged in the days following, and on February 11, 2025, NorthView and the PIPE Investors executed the PIPE Subscription Agreement. See section entitled “ Summary of The Proxy Statement/Prospectus — PIPE Transaction ” for a summary of the terms of the PIPE Subscription Agreement with the PIPE Investors. Recent Amendment Summary On January 16, 2025