Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 350

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 350
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 -licensingfees or collaboration payments received by the JV. It is necessary for the APAC Joint Venture transaction to close in order for Profusa’s conditional waiver of the Minimum Cash Amount as a closing condition to the Merger Agreement to be effective. We refer you to tickmark (T) in the pro forma presentation below, which reflects the $4.4 million net Tasly payment. •Upon consummation of the Merger the former holders of Profusa’s common stock, senior convertible notes, junior convertible notes and vested in -the-moneyProfusa Options (the “Participating Securityholders”) will received certain rights, under which in the future New Profusa may issue to the Participating Securityholders an aggregate of 3,875,000shares 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 -monthanniversary and end on the two -yearanniversary of the closing date of the Merger (“Milestone Event I Period”); 179 —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 -dayanniversary and end on the two -yearanniversary 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