Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 34

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 compensation by FINRA and
are therefore subject to a lock-up for a period of 180 days immediately following the date of the effectiveness of the registration
statement of which the IPO forms a part pursuant to FINRA Rule 5110I(1). Pursuant to FINRA Rule 5110I(1), these securities
will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition
of the securities by any person for a period of 180 days immediately following the effective date of the registration statement
of which the IPO forms a part, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately
following the effective date of the registration statement of which the IPO forms a part except to any underwriter and selected dealer
participating in the offering and their bona fide officers or partners. The warrants grant to holders demand and “piggy back”
rights for periods of five and seven years, respectively, from the effective date of the registration statement of which the IPO forms
a part with respect to the registration under the Securities Act of the shares issuable upon exercise of the warrants. The Company will
bear all fees and expenses attendant to registering the securities, other than underwriting commissions, which will be paid for by the
holders themselves. The exercise price and number of shares issuable upon exercise of the warrants may be adjusted in certain circumstances
including in the event of a share dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However,
the warrants will not be adjusted for issuances of shares at a price below its exercise price. The Company will have no obligation to
net cash settle the exercise of the warrants. The holder of the warrants will not be entitled to exercise the warrants for cash unless
a registration statement covering the securities underlying the warrants is effective or an exemption from registration is available.

Merger Agreement

On November 7, 2022, NorthView entered into a
Merger Agreement and Plan of Reorganization (the “Merger Agreement”), by and among Merger Sub., and Profusa, Inc., a California
corporation (“Profusa”). The Merger Agreement provides that, among other things, at the closing of the transactions contemplated
by the Merger Agreement, Merger Sub will merge with and into Profusa (the “Merger”), with Profusa surviving as a wholly-owned
subsidiary