Company: PFSA
Filing Date: 2025-02-19
Form Type: 425
Source: 0001213900-25-014988
Chunk: 4

Company: Profusa, Inc.
Filing Date: 2025-02-19
Form: 425
Chunk 4
---
 provide for a 10% fee in case of late payments and mandatory prepayments upon Subsequent Offerings (as defined in the form of Convertible Note) and, in the absence of an event of default, may be prepaid upon 10 business day’s prior notice, subject to conversion rights.

The Convertible Notes may not be converted by the Investor into shares of New Profusa Common Stock if such conversion would result in the Investor and its affiliates owning in excess of 4.99% of the number of shares of New Profusa Common Stock outstanding immediately after giving effect to the issuance of all shares issuable upon conversion of the Convertible Notes.

Form of Lock-Up Agreement

Pursuant to the SPA, on the Initial Closing Date certain holders of NorthView common stock, including each officer and director of NorthView, will enter into a lock-up agreement (the “Lock-Up Agreement”), pursuant to which they will agree not to, subject to certain customary exceptions, offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of any shares of NorthView common stock or securities convertible, exchangeable or exercisable into, shares of NorthView common stock beneficially owned, held or acquired by the person signing the Lock-Up Agreement. The period for such restrictions shall apply from the Initial Closing Date until the termination of the Lock-Up Agreement in accordance with its terms.

Additional Ancillary Agreements

Pursuant to the SPA and prior to or concurrent with the Initial Closing Date, NorthView and the Investor will enter into a Registration Rights Agreement, a Security Agreement, and a Guaranty, respectively, each in a form to be agreed upon by NorthView and the Investor. Pursuant to the SPA, New Profusa and its subsidiaries will be guarantors and parties to the Guaranty.

The foregoing descriptions of the SPA, the form of Convertible Note, and the form of Lock-Up Agreement do not purport to be complete and are qualified in their entirety by the terms and conditions of the SPA, the form of Convertible Note, and the form of Lock-Up Agreement, respectively filed as Exhibit 10.1, Exhibit 10.2, and Exhibit 10.3 hereto and incorporated by reference herein.

<div align='center'>2</div>

Additional Information and Where to Find It

This Current Report relates to a proposed business combination transaction among NorthView and Profusa pursuant to which Profusa would become a wholly-owned subsidiary of NorthView, and NorthView would be renamed Profusa, Inc.