Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 398

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 398
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 STATEMENTS Note 6 — Commitments and Contingencies (cont.) (b)Provided a registration statement is effective for the shares underlying the Initial Note, New Profusa Common Stock has traded a volume of at least $ 35,000,000in the aggregate after the $ 2,000,000Second Purchase has closed, no default or event of default has occurred and the stock has traded at a trading price of no less than $ 4.00for a period of fivetrading dayspreceding such purchase, the Company may call and thereby require the Investor to purchase Convertible Notes in the aggregate principal amount of $ 5,555,555for a purchase price of $ 5,000,000(reflecting a 10% OID); and (c)The Investor at its sole discretion may call from the Company and thereby require the Company to sell an additional Convertible Note having an aggregate principal amount of $ 4,444,444at a purchase price of $ 4,000,000(reflecting a 10% OID) to be purchased at any time within 12 months of the Initial Closing. As a result of the Business Combination, the Company paid $ 90,000at the Closing to an advisor for legal services in connection with the issuance of the Convertible Note. Note 7 — Stockholders’ Deficit Preferred stock— The Company is authorized to issue 1,000,000shares of preferred stock with a par value of $ 0.0001and with such designations, rights and preferences as may be determined from time to time by the Company’s board of directors. As of June 30, 2025 and December 31, 2024, there was nopreferred stock issued or outstanding. Common Stock— The Company is authorized to issue a total of 100,000,000shares of common stock at par value of $ 0.0001each. In April 2021, the Company issued 5,175,000shares of common stock to its Sponsor for $ 25,000, or approximately $ 0.005per share. In October 2021, the Sponsor irrevocably surrendered to the Company for cancellation and for no consideration 862,500shares of common stock. On December 20, 2021, the Company effected a 1.1- for -1stock dividend of its common stock, resulting in an aggregate of 4,743,750Founder Shares issued and outstanding. On December