Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 332

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 332
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 its working capital needs. While the Note Purchase Agreement provides for the issuance of up to $5.0million of senior secured promissory notes of Profusa, the total principal amount of notes issued for Profusa Senior Secured Convertible Notes was $0.25million as of the September30, 2024 balance sheet date, and is currently $1.35million total outstanding to date. Following Profusa’s issuance of the senior convertible bridge notes, a bridge noteholder sold one such note, with a principal balance of $200,000, to Ascent in a privately negotiated transaction unrelated to the Merger or the PIPE (the “Bridge Note Buyout Agreement”). In connection with the Bridge Note Buyout Agreement, Profusa issued shares of Profusa common stock to Ascent. Such shares of Profusa common stock will be exchanged for New Profusa common stock in connection with the Merger. The outstanding principal balance of the Profusa Senior Convertible Promissory Notes and all accrued but unpaid interest will convert into Profusa Common Stock and NorthView will exchange the Profusa Common Stock for 4,169,089shares of New Profusa, an as converted price of $0.62 per share. The balance of the note as of September30, 2024 is $2,585,000 is included in the pro forma, which is based on the current balance and no additional anticipated investor contributions and accrued interest prior to close. The Private Placement Value is expected to be $13,654,216 for purposes of this proxy statement/prospectus, and the Incentive Equity Value is expected to be $29,018,330 for purposes of this proxy statement/prospectus. The outstanding principal balance of the Profusa Senior Secured Convertible Promissory Notes and all accrued but unpaid interest will convert into Profusa Common Stock and NorthView will exchange the Profusa Common Stock for 4,830,000shares of New Profusa, an as converted price of $0.50 per share. We refer you to tickmark (U) in the pro forma presentation below, which reflects the cash receipt and issuance of convertible debt, through to the settlement of the convertible debt and issuance of additional paid in capital (APIC) common stock for these shares. The current balance of the Profusa Senior Secured Convertible Promissory Notes is $0.25million. $2.4million and 4,830,000 New Profusa Shares are included in the pro forma, which is based on