Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 169

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 169
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ecate, pledge or otherwise dispose of any shares of our Common
Stock or securities convertible, exchangeable or exercisable into shares of our Common Stock beneficially owned, held or acquired by them.
The period for such restrictions shall apply from the Closing Date until the termination of the PIPE Lock-Up Agreement in accordance with
its terms.

PIPE Registration Rights Agreement

On July 11, 2025, we and
the PIPE Investors entered into a registration rights agreement (the “PIPE Registration Rights Agreement”), which provides
customary demand and piggyback registration rights.

The PIPE Registration Rights
Agreement provided that we will, as soon as practicable, but in any event within 20 calendar days after the Closing Date (the “Filing
Date”), use our reasonable best efforts to file with the SEC a registration statement registering the resale of certain Common Stock
issuable to the PIPE Investors upon conversion of the PIPE Convertible Notes. We will use our reasonable efforts to have the registration
statement declared effective within 45 days (but in any event no later than the 60 calendar day) after the
filing thereof.

On August 1, 2025, we entered
into Amendment No. 1 to the PIPE Registration Rights Agreement, whereby we amended the Filing Date to September 14, 2025.

Security Agreement

On July 11, 2025, we and
old Profusa (collectively, the “Profusa Parties”) entered into a Security Agreement with Ascent, as collateral agent (the
“Security Agreement”), pursuant to which the Profusa Parties granted a security interest in substantially all of their respective
assets to Ascent, to secure their respective obligations under the PIPE Convertible Notes.

Guaranty

On July 11, 2025, the
Profusa Parties and their respective subsidiaries, successors and permitted assigns entered into a guaranty (the “Guaranty”),
pursuant to which each such party guaranteed the other parties’ obligations under the PIPE Convertible Notes.

The Committed Equity Facility

On July 28, 2025, we entered
into the Purchase Agreement and the ELOC Registration Rights Agreement with Ascent. Upon the terms and subject to the satisfaction of
the conditions contained in the Purchase Agreement, from and after the Effective Date, we will have the right, in our sole discretion,
to sell to Ascent up to $100,000,000 of shares of our Common Stock, subject to certain limitations set forth in the