Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 227

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 227
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 Stock achieves a market price of $12.50 per share for any 20 trading days within any 30 -consecutivetrading period, or Profusa consummates a transaction in which its stockholders have the right to receive consideration implying a value of at least $12.50 per share (“Milestone Event I”). An additional 25% of the Earnout Shares will be issued if, during the period beginning 360 days after the Closing and ending on the second anniversary of the Closing, the Profusa Common Stock achieves a market price of $14.50 per share for any 20 trading days within any 30 -consecutivetrading period, or Profusa consummates a transaction in which its stockholders have the right to receive consideration implying a value of at least $14.50 per share (“Milestone Event II”). For purposes of satisfying Milestone Event I or Milestone Event II, each of the applicable 30 -daytrading period shall not overlap provided however, that in event that such 30 -daytrading period could satisfy either Milestone Event I or Milestone Event II, then Milestone Event II shall be deemed to be satisfied first. An additional 25% of the Earnout Shares will be issued if, prior to December31, 2025, Profusa consummates the APAC Joint Venture and receives the related $6 million funding. The final 25% of the Earnout Shares will be issued if, during fiscal year ended December 31, 2026, Profusa achieves Earnout Revenue of $11,864,000, as determined in accordance with GAAP and reported on the combined company’s applicable Forms 10 -Kor 10 -Qfiled with the SEC; provided that such revenue shall be adjusted to exclude revenue from subsequent “add -on” acquisitions which were not included in the Company’s revenue projections as of the date of this Agreement (such amount, “Earnout Revenue”). 106 Representations, Warranties and Covenants Representations and Warranties The Merger Agreement contains customary representations, warranties and covenants of (a) Profusa and (b) NorthView and Merger Sub. These representations and warranties are subject to materiality, knowledge and other similar qualifications in many respects and expire at the Effective Time. These representations and warranties have been made solely for the benefit of the other parties to the Merger Agreement. The Merger Agreement contains representations and warranties made by Profusa to NorthView and Merger