Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 136

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 136
---
 notes and vested in-the-money Profusa Options (the “Participating Securityholders”) received                
 certain rights, under which in the future New Profusa may issue to the Participating Securityholders an aggregate of 3,875,000 shares 
 of New Profusa’s common stock (the “Milestone Earnout Shares”) during the respective earnout periods in equal ¼                       
 installments upon achievement of the following four Milestone Events:                                                                 |

| ● | Milestone I Earnout Rights: share price of New Profusa Common Stock is equal to or greater than $12.50                           
 for any 20 trading days during any 30 days trading period or consummation of a Subsequent Transaction where the stockholders     
 of New Profusa will receive a consideration of at least $12.50 for each share of New Profusa Common Stock (“Milestone Event I”). 
 The Milestone I period will commence on the 18-month anniversary and end on the two-year anniversary of the closing date         
 of the Merger (“Milestone Event I Period”);                                                                                      |

| ● | Milestone II Earnout Rights: share price of New Profusa Common Stock is equal to or greater than                                   
 $14.50 for any 20 trading days during any 30 days trading period or consummation of a Subsequent Transaction where the             
 stockholders of New Profusa will receive a consideration of at least $14.50 for each share of New Profusa Common Stock (“Milestone 
 Event II”). The Milestone II period will commence on the 360-day anniversary and end on the two-year anniversary                   
 of the closing date of the Merger (“Milestone Event II Period”); provided that such 30 days trading period does                    
 not overlap with the 30 days trading period used to satisfy the requirements of Milestone Event I; provided, further, that in      
 the event that such 30 days trading period could satisfy either Milestone Event I or Milestone Event II, then Milestone            
 Event II shall be deemed to be satisfied first;                                                                                    |

| ● | Milestone III Earnout: the closing of the APAC Joint Venture, as described in this proxy statement/prospectus,          
 and the Companies receipt of the related $6 million funding, during the fiscal year ended December 31, 2025 (“Milestone 
 Event III”);                                                                                                            |

| ● | Milestone IV Earnout: achievement of revenue of $11,864,000 for the fiscal year ended December 31,