Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 279

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 279
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 with a proposed business combination transaction between NorthView and Profusa. Additionally, NorthView shall pay AGP a cash fee equal to 9.0% of the face value of any convertible note offering, or other similar equity -linkedoffering. 136 On January 10, 2025, AGP facilitated an introductory meeting between NorthView, Profusa and Ascent Partners Fund LLC (“Ascent”) to discuss Profusa’s business opportunities and the combined company’s financing requirements. Discussions ensued and on January 11, 2025 Ascent presented NorthView a draft term sheet for a Convertible Note transaction. Key terms were as follows •Up to $16million net of 10% OID Senior Secured Convertible Note, 10% interest, 18month maturity •$8.0million net Initial Closing •$8.0million net Additional Closing •$2.0million net “call” option should the stock trade a threshold amount of aggregate volume amount over the 30 trading days. Such aggregate amount was not yet determined in this initial draft term sheet. •$6.0million net at Ascent’s option •A one -time, non -refundableclosing payment consisting of 3,000,000shares Discussions ensued with AGP, Ascent andNorthView regarding the proposed term sheet and on January 13, 2025NorthView presented a counterproposal that increased the funding amount to $20 million net. The Initial Closing amount increased to $10 million net and the Additional Closing amount increased to $10.0 million net.NorthView’s call option amount was increased to $5.0 million net. The one-time, non-refundable closing payment was eliminated. An ELOC was added as well as a 6 month Lock-Up agreement. Key termswere as follows: •Up to $20million net of 10% OID Senior Secured Convertible Note, 10% interest, 18month maturity •$10.0million net Initial Closing •$10.0million net Additional Closing •$5.0million net “call” option should the stock trade have traded at least $20,000,000 in aggregate over the 30 trading days •$5.0million net cash at Ascent’s option •An ELOC is permitted 3months after the Initial Closing. NorthView must use 17.5% of any proceeds raised from the ELOC to repay any outstanding Notes at face value •6 -monthlock -upsubject to acceleration upon stock