Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 370

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 370
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, or $ 3,450,000. Business Combination Marketing Agreement Under a Business Combination marketing agreement, the Company engaged I -Bankersand Dawson James as advisors in connection with the Business Combination to assist the Company in holding meetings with the stockholders to discuss the potential Business Combination and the target business’s attributes, introduce the Company to potential investors that are interested in purchasing the Company’s securities in connection with the potential Business Combination, assist the Company in obtaining stockholder approval for the Business Combination and assist the Company with its press releases and public filings in connection with the Business Combination. The Company was obligated to pay I -Bankersand Dawson James a cash fee for such marketing services upon the consummation of the initial Business Combination in an amount of 3.68% of the gross proceeds of the IPO, or $ 6,986,250. The agreement was amended on November 7, 2022 to allow for the 3.68% business combination fee to be paid as (a) 27.5% cash and (b) 72.5% to be rolled into equity at closing. Subsequently, on January 19, 2025, the agreement was modified by the parties such that the Company will be required to pay $ 2,000,000, payable in cash, if a business combination is consummated. As a result of the Business Combination, I -Bankerswas paid $ 900,000and Dawson James was paid $ 600,000under the Business Combination marketing agreement. The payment of the remaining $ 500,000has been deferred until after the Closing. Non-Redemption Agreement On May 8, 2025, the Company entered into a non -redemptionagreement (the “Non -RedemptionAgreement”) with I -BankersSecurities, Inc. and Dawson James Securities, Inc. (together, the “Investors”), pursuant to which such Investors agreed that to the extent that redemptions in connection with the vote to approve the Business Combination reduces the Company’s trust account balance below $ 1.25million, the Investors would offer such redeeming shareholders an opportunity to rescind the redemption of their shares and would instead purchase such shares. Such purchases would be structured in compliance with the requirements of Rule 14e -5under the Exchange Act or would otherwise not constitute a tender offer pursuant to the Exchange Act. As of the Closing Date, the Company’s trust account balance was not below $ 1.25million. Representative