Company: PFSA
Filing Date: 2025-02-19
Form Type: 425
Source: 0001213900-25-014988
Chunk: 2

Company: Profusa, Inc.
Filing Date: 2025-02-19
Form: 425
Chunk 2
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 the earnout revenue target from $99,702,000 for the fiscal year ended December 31, 2025 to an earnout revenue target of $11,864,000 for the fiscal year ended December 31, 2026.

The foregoing descriptions of the Amendment is not complete and is subject to and qualified in its entirety by reference to the Amendment, a copy of which is filed with this Current Report on Form 8-K as Exhibit 2.1, and the terms of which are incorporated by reference herein.

Securities Purchase Agreement

Additionally, on February 11, 2025, in a private transaction, NorthView entered into a securities purchase agreement (the “SPA”) 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 NorthView 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”). The SPA contemplates that the Convertible Notes will be purchased in 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 SPA, at the consummation (the “Initial Closing 
 Date”) of the Business Combination. The Convertible Notes to be issued by NorthView       
 on the Initial Closing Date will be in an aggregate principal amount of $10,000,000 (the  
 “Initial Notes”).                                                                         |

| (ii) | Prior                                                                                        
 to the one-year anniversary of the Initial Closing Date, subject to the conditions set forth 
 in the SPA, NorthView may request that the Investor purchase additional Convertible Notes    
 having an aggregate principal amount of up to $12,222,222 at 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 15,000,000 shares in the aggregate, and no default or event 
 of default has occurred, NorthView may call and thereby require the