Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 83

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 83
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 at least 15,000,000shares in the aggregate, and no default or event of default shall have occurred, New Profusa may call and thereby require the PIPE Investors to purchase Convertible Notes in the aggregate principal amount of $2,222,222 for a purchase price of $2,000,000 (reflecting a 10% OID) (“Second Purchase”). (b)Provided a registration statement is effective for the shares underlying the Initial Note, should the New Profusa Common Stock trade a volume of at least $35,000,000 in the aggregate after the $2,000,000 Second Purchase has closed, no default or event of default shall have occurred and the stock has traded at a trading price of no less than $4.00 for a period of at least five trading days preceding such purchase, New Profusa may call and thereby require the PIPE Investors to purchase additional Convertible Notes in the aggregate principal amount of $5,555,555 for a purchase price of $5,000,000 (reflecting a 10% OID). (c)The PIPE Investors, at their sole discretion, may put to New Profusa and thereby require New Profusa to sell an additional PIPE Convertible Note having an aggregate principal amount of $4,444,444 at a purchase price of $4,000,000 (reflecting a 10% OID) to be purchased at any time within 12months of the Initial Closing. Form of Convertible Note Each PIPE Convertible Note will mature on the date that is 18 -monthsfrom its respective closing date (the “Maturity Date”) and is convertible at any time at the holder’s option at the lower of $10 or 95% of the lowest daily volume -weightedaverage price per share (“VWAP”) of Common Stock in the 10 trading days prior to the original issue date for each Note and shall be adjusted, without limitation, based on down -roundand most -favorednation (MFN) price and terms protections (the “Conversion Price”). 19 Interest shall accrue on the aggregate unconverted and then outstanding principal amount of the PIPE Convertible Notes at a rate of 10% per annum and increase upon an event of default to 24% per annum. Payments made in cash under the PIPE Convertible Notes shall be subject to a 5% fee, which shall be in addition to any amounts owed thereunder. The PIPE Convertible Notes provide for certain events of default that are typical for a transaction of