Company: PFSA
Filing Date: 2025-08-11
Form Type: PRE 14A
Source: 0001213900-25-073801
Chunk: 12

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: PRE 14A
Chunk 12
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 of the Purchase Agreement, adjusted as required by Nasdaq to take into account our issuance of the Commitment Warrants issued to Ascent for non -cashconsideration), so that the Exchange Cap limitation will not apply to issuances and sales of Common Stock pursuant to the Purchase Agreement. In any event, the Securities Purchase Agreement specifically provides that we may not issue or sell any shares of our common stock under the agreement if such issuance or sale would breach any applicable Nasdaq rules. In order to 7 fully utilize the $100,000,000 maximum aggregate purchase price available under the Securities Purchase Agreement, we are required to obtain stockholder approval pursuant to Nasdaq Listing Rule 5635(d) to permit issuances of our common stock (including the issuance of more than 19.99% of our common stock) to Ascent pursuant to the Purchase Agreement. Based on the Minimum Price, we may need to issue a number of shares that exceeds the Exchange Cap to fully utilize the maximum aggregate purchase price available under the Purchase Agreement. Accordingly, we are seeking stockholder approval for the issuance of shares of our common stock under the Purchase Agreement in excess of the Exchange Cap, as required by Nasdaq Listing Rule 5635(d). Additional Information This summary is intended to provide you with basic information concerning the Securities Purchase Agreement. The full text of the Securities Purchase Agreement was previously filed as exhibit 10.1 to our Current Report on Form 8 -Kfiled with the SEC on July 28, 2025. Potential Effects of Approval of this Proposal The Board has determined that the Purchase Agreement with Ascent is in the best interests of the Company and its stockholders because the right to sell shares to Ascent provides the Company with a reliable source of capital and the ability to access that capital at such times that the Company determines is appropriate, subject to the terms and conditions of the Purchase Agreement. Potential Effects of Non-Approval of this Proposal We are not seeking the approval of our stockholders to authorize our entry into the Purchase Agreement and any related documents, as we have already done so and such documents are already binding obligations of the Company. The failure of the Company’s stockholders to approve this Proposal No. 1 will not negate the existing terms of the documents, which will remain binding obligations of the Company. In particular, the Company has already issued the Commitment Warrants to Ascent as consideration for its commitment to purchase shares of common stock under the Purchase Agreement. If the stockholders do not approve this Proposal No.1,