Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 157

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 157
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 2025, the Company entered into Amendment No. 1 (the “ Note Amendment”) to the Initial Note. The Note Amendment modifies the terms of the Initial Note, specifically amending Section 4(b) to revise the conversion price provisions on any conversion date to be the lower of (i) the Conversion Price on such date and (ii) ninety-five percent (95%) of the lowest daily volume weighted average price (“ VWAP”) for the Company’s common stock during the ten consecutive trading days immediately preceding the applicable conversion date (the “ Alternate Conversion Price”), provided that in no event shall the conversion price be less than the Floor Price of twenty percent (20%) of the closing sale price of the common stock on the principal trading market on the trading day immediately preceding the Note Amendment’s effective date, which was August 22, 2025. The foregoing description of SPA Amendment, Note Amendment, and the Form of Amended Senior Secured Convertible Promissory Note, is a summary only and does not purport to be complete and is qualified in its entirety by reference to the full text of the SPA Amendment, Note Amendment, and Form of Amended Senior Secured Convertible Promissory Note, copies of which are filed herewith as Exhibits 10.21, 10.22, and 10.23 and are incorporated herein by reference. 95 PIPE Lock-Up Agreement On July 11, 2025, the PIPE Investors entered into a lock-up agreement (the “PIPE Lock-Up Agreement”), pursuant to which they agreed to, subject to certain customary exceptions, not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of any shares of our Common Stock or securities convertible, exchangeable or exercisable into shares of our Common Stock beneficially owned, held or acquired by them. The period for such restrictions shall apply from the Closing Date until the termination of the PIPE Lock-Up Agreement in accordance with its terms. PIPE Registration Rights Agreement On July 11, 2025, we and the PIPE Investors entered into a registration rights agreement (the “PIPE Registration Rights Agreement”), which provides customary demand and piggyback registration rights. The PIPE Registration Rights Agreement provided that we will, as soon as practicable, but in any event within 20 calendar days after the Closing Date (the “Filing Date”), use our reasonable best efforts to file with the SEC a registration statement registering the resale of certain Common Stock issuable to the PIPE Investors upon conversion of the PIPE Convertible Notes. We