Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 785

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 785
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, Parent and the Company desire to amend the Merger Agreement as set forth in this Amendment; and WHEREAS, the respective board of directors of each of Parent and the Company have each approved this Amendment. In consideration of the mutual promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Amendment. a)Section 1.01 of the Merger Agreement is hereby amended as follows: (i) The following definitions are hereby amended and restated in their entirety as follows: “ Company Private Placement Financing ” means the dollar amount of funds received by the Company after March 4, 2024, in exchange for the issuance of Company Securities, plus any applicable accrued interest for such funds or financing as of the time of the Merger. “ Company Reference Value ” means a dollar amount equal to (i) the sum of the Company Equity Value, plus (ii) Incentive Equity Value, plus (iii) the Aggregate Exercise Price, plus (iv) the Private Placement Value, minus (v) the Aggregate Company Incentive Amount. “ Milestone Event III ” means the closing of the Tasly JV and resulting receipt of proceeds of $6,000,000 (less any amounts previously advanced to the Company) within the fiscal year ended December 31, 2025. “ Milestone Event IV ” means the achievement of Earnout Revenue of $11,864,000 for the fiscal year ended December 31, 2026. “ Private Placement Value ” means the product of (i) any Company Private Placement Financing, multiplied by the quotient of (ii) (A) the Parent Per Share Value divided by (B) the Private Placement Basis . (ii) The following definitions are hereby added as follows: “ Incentive Equity Value ” means $29,018,330. “ Private Placement Basis ” means $2.22. Annex A-4-1 b)Section 7.01(a) is hereby amended such that any reference to “10%” shall be replaced with “15%”. c)Section 9.01 of the Merger Agreement is hereby amended such that the reference to “June 22, 2024” shall be replaced with “March 22, 2025”. 2. No Other Amendments, etc. Except as provided in this Amendment, the Merger Agreement shall remain unmodified and in full force and effect, and the execution of this Amendment is