Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 232

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 232
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) the number of shares of Profusa Common Stock subject to the Profusa Option immediately before the Effective Time and (2) the Exchange Ratio; and (y) the per share exercise price for each share of New Profusa Common Stock issuable upon exercise of the Converted Option will be equal to the quotient (rounded up to the nearest whole cent) obtained by dividing (1) the exercise price per share of Profusa Common Stock of such Profusa Option immediately before the Effective Time by (2) the Exchange Ratio; and (e)each outstanding convertible promissory note of Profusa identified in the disclosure schedules as of the date of the Merger Agreement, or issued in any Permitted Financing prior to the consummation of the Business Combination (each, a “Profusa Convertible Note”) together with all accrued and unpaid interest shall be converted into the right to receive a number of shares of New Profusa Common Stock determined in accordance with the terms of the applicable Profusa Convertible Note, which shall be $7.00 per share for the junior convertible notes and $4.00 per share for the senior convertible notes. Earnout Following the Closing, holders of Profusa Common Stock, in -the-moneyProfusa Options or Profusa Convertible Notes, in each case, as of immediately prior to the Closing, will receive a pro rata portion of the Earnout Shares if certain milestone events occur within two years after the Closing. One -quarterof the Earnout Shares will be issued if, during the period beginning on the 18 -monthanniversary and ending on the second anniversary of the Closing, the New Profusa Common Stock achieves a market price of $12.50 per share for any 20 trading days within any 30 -consecutivetrading period, or Profusa consummates a transaction in which its stockholders have the right to receive consideration implying a value of at least $12.50 per share (“Milestone Event I”). An additional 25% of the Earnout Shares will be issued if, during the period beginning 360 days after the Closing and ending on the second anniversary of the Closing, the Profusa Common Stock achieves a market price of $14.50 per share for any 20 trading days within any 30 -consecutivetrading period, or Profusa consummates a transaction in which its stockholders have the right to receive consideration implying a value of at least $14.50 per share (“Milestone Event II”). For purposes of satisfying Milestone Event I