Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 397

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 397
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 with an institutional investor (the “Investor”). Pursuant to the SPA, the Investor is expected, subject to the conditions relating to such purchase set forth in the SPA, to purchase from the Company’s senior secured convertible promissory notes in an aggregate principal amount of up to $ 22,222,222(the “Convertible Notes”) for a purchase price of up to $ 20,000,000, after a 10% original issue discount (“OID”). As a result of the Business Combination, pursuant to the SPA, the Company issued a Convertible Note in the principal amount of $ 10,000,000(the “Initial Note”) for a purchase price of $ 9,000,000, reflecting a 10% OID. The Initial Note matures on the date that is 18 -monthsfrom the closing of the Business Combination and is convertible at any time at the Investor’s option at a conversion price equal to the lower of $ 10or 95% of the lowest daily volume -weightedaverage price per share of the post -combinationcompany common stock in the 10trading days prior to the original issue date of the Initial Note and shall be adjusted, without limitation, based on down -roundand most -favorednation (MFN) price and terms protections (the “Conversion Price”). The SPA contemplates that additional Convertible Notes will be purchased in multiple tranches: (i)Prior to the one -yearanniversary of the Initial Closing Date, subject to the conditions set forth in the SPA, the Company may request that the Investor purchase additional Convertible Notes having an aggregate principal amount of up to $ 12,222,222at a purchase price of $ 11,000,000(reflecting a 10% OID), as follows: (a)Provided a registration statement has been filed for the shares underlying the Initial Note, shares of combined company common stock, par value $ 0.0001(“New Profusa Common Stock”) have traded a volume of at least 15,000,000shares in the aggregate, and no default or event of default has occurred, the Company may call and thereby require the Investor to purchase Convertible Notes in the aggregate principal amount of $ 2,222,222for a purchase price of $ 2,000,000(reflecting a 10% OID) (“Second Purchase”); F-103 NORTHVIEW ACQUISITION CORPORATION
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL