Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 87

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 87
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,000 (the “Initial Note”), reflecting a 10% original issue discount to the face amount (“OID”) thereof. (ii)Prior to the one -yearanniversary of the Initial Closing Date, subject to the conditions set forth in the PIPE Subscription Agreement, New Profusa may request that the PIPE Investors purchase additional PIPE Convertible Notes having an aggregate principal amount of up to $12,222,222 at a purchase price of $11,000,000 (reflecting a 10% OID), as set forth below: (a)Provided a registration statement has been filed for the shares underlying the Initial Note, should the New Profusa Common Stock trade a volume of at least 15,000,000shares in the aggregate, and no default or event of default shall have occurred, New Profusa may call and thereby require the PIPE Investors to purchase Convertible Notes in the aggregate principal amount of $2,222,222 for a purchase price of $2,000,000 (reflecting a 10% OID) (“Second Purchase”). (b)Provided a registration statement is effective for the shares underlying the Initial Note, should the New Profusa Common Stock trade a volume of at least $35,000,000 in the aggregate after the $2,000,000 Second Purchase has closed, no default or event of default shall have occurred and the stock has traded at a trading price of no less than $4.00 for a period of at least five trading days preceding such purchase, New Profusa may call and thereby require the PIPE Investors to purchase additional Convertible Notes in the aggregate principal amount of $5,555,555 for a purchase price of $5,000,000 (reflecting a 10% OID). (c)The PIPE Investors, at their sole discretion, may put to New Profusa and thereby require New Profusa to sell an additional PIPE Convertible Note having an aggregate principal amount of $4,444,444 at a purchase price of $4,000,000 (reflecting a 10% OID) to be purchased at any time within 12months of the Initial Closing. Form of Convertible Note Each PIPE Convertible Note will mature on the date that is 18 -monthsfrom its respective closing date (the “Maturity Date”) and is convertible at any time at the holder’s option at the lower of $10 or 95% of the lowest daily volume -weightedaverage price per share (“VWAP”) of Common Stock in the 10 trading