Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 265

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 265
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 kickoff meeting and update call was held, including members of NorthView management, Profusa management, and the senior partner of our law firm, ArentFox Schiff LLP. •On August17, 2022, a kickoff meeting was held with management of Profusa and NorthView to start initial planning for preparation for negotiating and drafting the Merger Agreement. •On August19, 2022 NorthView management and a representative from HCW had a brief update call. •On August22, 2022, a follow -upkickoff call was held NorthView, Profusa and Dawson James Securities on August22, 2022. •From August 26 to September13, 2022, NorthView and Profusa held several follow -upcalls to discuss status and updates. •On September16, 2022, the parties held a call including their respective legal counsel. •Additional Merger Agreement discussions and negotiations took place on via conference call on September21, September27, September28, September 29 and December31, 2022, October6, October17, October19, October24, October29, October 31 and November1, 2022. •Management of NorthView met with certain directors of Profusa via a virtual meeting on October1, 2022. On November 1, 2022 NorthView’s management team provided NorthView’s Board with a summary of key terms expected to be included in the final Merger Agreement, including: • Consideration (i)$155 million equity value with an earn -outopportunity up to $38.75 million. (ii)Earn -outmilestones based on revenue and stock price. • $15 million of minimum net cash at close. • Financial inducements to meet minimum cash requirements (i)Sponsor and Profusa will contribute an aggregate of up to 1,300,000 incentive shares of NorthView Common Stock with 80% of such shares contributed by Sponsor and 20% contributed by Profusa. (ii)If additional incentive shares above 1,300,000shares are required, Profusa and Sponsor will each contribute 50% of such shares, respectively. (iii)Sponsor and Profusa will have the ability to obtain additional shares, pursuant to the Profusa Inducement Recoupment Earnouts (as defined below). • Lock -up agreement:A one -yearlock -upperiod, with 25% of the lock -upshares releasing six months after closing, and 25%