Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 429

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 429
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 is payable at the close of a
Business Combination. On June 17, 2025, the Company entered a settlement agreement with A.G.P. for the Cash Fee of $968,000
related to the debt private placement (the “Offering”) that was issued at the Closing. Pursuant to the settlement
agreement, as a result of the Business Combination, the Company paid A.G.P. $550,000 at the Closing and the remaining $418,000 of
the fees was deferred and due on the earlier of (i) the second tranche of the debt private placement being issued and
(ii) December 31, 2025. The Company also agreed to reimburse A.G.P. $50,000 for expenses incurred in connection with the
offering.

On June 15, 2023, the
Company engaged the Benchmark Company LLC (“Benchmark”) to provide advisory services related to the Business Combination and
the Convertible Notes. The Company was to pay Benchmark at the closing of the Business Combination an advisory fee of $750,000 in two
tranches. The first tranche will be $500,000 earned upon the closing of the Business Combination in the surviving public entity’s
common stock (“Tranche 1”). The number of shares to be issued is calculated on the 30 day following the
Closing by dividing $500,000 and the trailing 5-day VWAP of the Company’s common stock as calculated by Bloomburg with a minimum
price of $2.00. The second tranche will be $250,000, at the Company’s option, in either cash or in the surviving entity’s
common shares calculated by dividing $250,000 by the lowest trailing 5-day VWAP in the prior 30 days (“Tranche 2”). Upon
funding of the Convertible Notes by investors introduced by Benchmark, the Company will pay to Benchmark fees in cash equal to 5% of the
net proceeds of any Convertible Note draw at the time of funding of such draw (“Arrangement Fees”). The Tranche 2 fee shall
be reduced by the amount of any fees paid to Benchmark for other transactions during the Term other than Arrangement Fees associated with
Convertible Notes, after the Business Combination, up to $250,000. As a result of the Business Combination, Benchmark was paid in shares
of the post-combination company in the amount of $500,000.

Securities Purchase Agreement

On February 11, 202