Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 10

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 10
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5,000,000, subject to the satisfaction of certain conditions including the full conversion or repayment of the First Tranche, effectiveness of a registration statement, no Nasdaq listing deficiency, and receipt of stockholder approval; and (iv) a fourth closing for Notes in an aggregate principal amount of $4,444,444 (the “ Fourth Tranche”) for a purchase price of $4,000,000, subject to the satisfaction of certain conditions including the full repayment of the First and Second Tranches, at least fifty percent (50%) repayment or conversion of the Third Tranche, effectiveness of a registration statement, and no Nasdaq listing deficiency. The Amendment supersedes and replaces all prior provisions relating to “Additional Closings” and “Additional Notes,” and all references to such terms in the Purchase Agreement and related documents are to be construed in accordance with the new tranche structure. Concurrently, on August25, 2025, the Company entered into Amendment No. 1 (the “ Note Amendment”) to the Initial Note. The Note Amendment modifies the terms of the Initial Note, specifically amending Section 4(b) to revise the conversion price provisions on any conversion date to be the lower of (i) the Conversion Price on such date and (ii) ninety -fivepercent (95%) of the lowest daily volume weighted average price (“ VWAP”) for the Company’s common stock during the ten consecutive trading days immediately preceding the applicable conversion date (the “ Alternate Conversion Price”), provided that in no event shall the conversion price be less than the Floor Price of twenty percent (20%) of the closing sale price of the common stock on the principal trading market on the trading day immediately preceding the Note Amendment’s effective date, which was August22, 2025. 2 PIPE Registration Rights Agreement On July11, 2025, Profusa and the PIPE Investors entered into a registration rights agreement (the “PIPE Registration Rights Agreement”), which provides customary demand and piggyback registration rights. Pursuant to the PIPE Registration Rights Agreement, we agreed to, as soon as practicable, but in any event within 20 calendar days after the closing of the Company’s IPO, use our reasonable best efforts to file with the SEC a registration statement registering the resale of certain Profusa Common Stock issuable to the PIPE Investors upon conversion of the PIPE Convertible Notes. We agreed to use our reasonable efforts to have the registration statement declared effective within 45 days (but in any event no later than the 60th calendar day)