Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 348

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 348
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 per share. We refer you to tickmark (R) in the pro forma presentation below, which reflects the cash receipt and issuance of shares upon conversion of the convertible debt. •Profusa entered into a Binding Term Sheet for APAC Joint Venture. If Profusa and Tasly establish the JV, Profusa will grant the JV an exclusive license to its intellectual property to use, develop, manufacture and commercialize the Licensed Products in the Asia Pacific region. In connection with the license, Tasly would pay Profusa $6 million (of which $1.6 million has been received through the date of this proxy statement/prospectus) to purchase 60% of the share capital of the JV from Profusa, and the JV would pay Profusa 5% royalties on sales, and 30% royalties on income from royalties, sub -licensingfees or collaboration payments received by the JV. We refer you to tickmark (T) in the pro forma presentation below. •Upon consummation of the Merger the former holders of Profusa’s common stock, senior convertible notes, junior convertible notes and vested in -the -moneyProfusa Options (the “Participating Securityholders”) will received certain rights, under which in the future New Profusa may issue to the Participating Securityholders an aggregate of 3,875,000shares of New Profusa’s common stock (the “Milestone Earnout Shares”) during the respective earnout periods in equal ¼ installments upon achievement of the following four Milestone Events: —Milestone I Earnout Rights: share price of New Profusa Common Stock is equal to or greater than $12.50 for any 20 trading days during any 30 days trading period or consummation of a Subsequent Transaction where the stockholders of New Profusa will receive a consideration of at least $12.50 for each share of New Profusa Common Stock (“Milestone Event I”). The Milestone I period will commence on the 18 -monthanniversary and end on the two -yearanniversary of the closing date of the Merger (“Milestone Event I Period”); 183 —Milestone II Earnout Rights: share price of New Profusa Common Stock is equal to or greater than $14.50 for any 20 trading days during any 30 days trading period or consummation of a Subsequent Transaction where the stockholders of New Profusa will receive a consideration of at least $14.50 for each share of New Profusa Common Stock