Company: PFSA
Filing Date: 2025-07-28
Form Type: 8-K
Source: 0001213900-25-067855
Chunk: 0

Company: Profusa, Inc.
Filing Date: 2025-07-28
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On July 28, 2025, Profusa, Inc. (the “ Company”) entered
into a Securities Purchase Agreement (the “ Purchase Agreement”) with Ascent Partners Fund LLC (the “ Purchaser”).
Pursuant to the terms and conditions set forth in the Purchase Agreement, the Company may, from time to time and at its discretion, issue
and sell to the Purchaser shares of its common stock (the “ Purchased Securities”) for an aggregate purchase price of up to
$100,000,000 (the “ Maximum Aggregate Purchase Price”), subject to certain limitations and conditions described below.

Under the Purchase Agreement, the Company may deliver advance notices
(each, an “ Advance Notice”) to the Purchaser to request the purchase of shares of common stock, with each closing (a “ Closing”)
to occur on a trading day following the end of a 10 or fewer trading day valuation period commencing on the trading date immediately following
the delivery of the Advance Notice, or as determined by the Purchaser. The purchase price per share at each Closing will be equal to 97%
of the lowest volume-weighted average price (“ VWAP”) of the Company’s common stock during the applicable valuation period,
subject to a floor price and other adjustments as set forth in the Purchase Agreement. The maximum purchase price at any single Closing
is limited to the lower of (a) $5,000,000 or (b) 100% of the average daily traded value of the common stock for the five trading days
immediately preceding such Closing.

The Purchase Agreement contains certain limitations, including that
the aggregate number of shares issued under the Purchase Agreement may not exceed the number of shares registered under the applicable
registration statement or the exchange cap (generally 19.9% of the Company’s outstanding common stock as of the effective date),
unless stockholder approval is obtained or as otherwise permitted by the rules of the principal trading market. In addition, the Purchaser’s
beneficial ownership of the Company’s common stock is limited to 9.99% of the outstanding shares immediately after giving effect
to any issuance.

The Company is required to deliver the Purchased Securities as DWAC
shares to the Purchaser on the date that it delivers the applicable Advance Notice. If the Company fails to timely deliver the shares,
the Purchaser may, among other remedies, deem the Advance Notice rescinded or require the Company to pay certain cover