Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 159

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 159
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 date of the
registration statement of which the IPO forms a part with respect to the registration under the Securities Act of the shares
issuable upon exercise of the warrants. The Company will bear all fees and expenses attendant to registering the securities, other
than underwriting commissions, which will be paid for by the holders themselves. The exercise price and number of shares issuable
upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, or the
Company’s recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances
of shares at a price below its exercise price. The Company will have no obligation to net cash settle the exercise of the warrants.
The holder of the warrants will not be entitled to exercise the warrants for cash unless a registration statement covering the
securities underlying the warrants is effective or an exemption from registration is available.

Merger
Agreement

On
November 7, 2022, NorthView entered into a Merger Agreement and Plan of Reorganization (the “Merger Agreement”), by and among
Merger Sub., and Profusa, Inc., a California corporation (“Profusa”). The Merger Agreement provides that, among other things,
at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into Profusa (the “Merger”),
with Profusa surviving as a wholly-owned subsidiary of NorthView. In connection with the Merger, NorthView will change its name to “Profusa,
Inc.”

The
Business Combination is subject to customary closing conditions, including the satisfaction of the minimum available cash condition of
$15,000,000, the receipt of certain governmental approvals and the required approval by the stockholders of NorthView and Profusa. There
is no assurance that the Business Combination will be completed.

F-18

Advisory
Agreement

On December 19, 2024, the Company engaged A.G.P to serve as the placement
agent in connection with a proposed business combination transaction. The Company shall pay to A.G.P. a cash fee (the “Cash Fee”)
equal to 9.0% in a convertible note offering, note, or other similar equity-linked offerings, and shall be calculated from the face value
of notes issued, which is payable at the close of a Business Combination. If the Business Combination does not successfully close, A.G.P.
will not be entitled to any cash fee.

Note
7