Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 86

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 86
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 officers in agreeing to changes to the terms of or waivers of closing conditions in the Merger Agreement may result in a conflict of interest when determining whether such changes to the terms of the Merger Agreement or waivers of conditions are appropriate and in the best interests of NorthView securityholders. 18 •Subsequent to the completion of the Business Combination, New Profusa may be required to take write -downsor write -offs, restructuring and impairment or other charges that could have a significant negative effect on New Profusa’s financial condition, results of operations and stock price, which could cause you to lose some or all of your investment. •NorthView Holders who purchased NorthView Common Stock in NorthView’s IPO and do not exercise their redemption rights could pursue rescission rights and related claims. •NorthView Holders’ ownership and voting interest in New Profusa will be significantly reduced from their interest in NorthView, and the NorthView Holders will exercise little influence over management. PIPE Transaction On February11, 2025, NorthView executed a Securities Purchase Agreement (the “PIPE Subscription Agreement”) with Ascent Partners Fund LLC (“Ascent”, and together with any additional investors who become parties to the PIPE Subscription Agreement, the “PIPE Investors”). Pursuant to the PIPE Subscription Agreement, the PIPE Investors are expected, subject to the conditions relating to such purchase set forth in the PIPE Subscription Agreement, to purchase from NorthView senior secured convertible notes in an aggregate principal amount of up to $22,222,222 (the “PIPE Convertible Notes”) for a purchase price of up to $20,000,000, after 10% OID. The PIPE Subscription Agreement contemplates that the PIPE Convertible Notes will be purchased (the “Investment” or the “PIPE”) across multiple tranches: (i)The initial closing amount (the “Initial Closing Amount”) of $9,000,000 will be purchased, subject to the conditions set forth in the PIPE Subscription Agreement, at the Closing, which will be the initial closing date of the Investment (the “Initial Closing Date”), and will consist of PIPE Convertible Notes to be issued by New Profusa in the principal amount of $10,000,000 (the “Initial Note”), reflecting a 10% original issue discount to the face amount (“OID”) thereof. (ii)Prior to the one -yearanniversary of the Initial Closing Date, subject to the conditions set forth in the PIPE Subscription Agreement, New Profusa may request that the PIPE Investors purchase additional PIPE Convert