Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 346

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 346
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 redemption scenario and 380,354shares of net exercises of vested in -the -moneyoptions under the maximum redemption scenario as of the Closing, and which is included in Profusa’s equityholders right to receive an aggregate of 15,500,000shares of New Profusa Common Stock. •NorthView entered into a PIPE Subscription Agreement with the PIPE Investors for up to $22.22million Senior Secured Convertible Notes. See section entitled “ Summary of The Proxy Statement/Prospectus — PIPE Transaction” for a summary of the terms of the PIPE agreement with the PIPE Investors. •On November29, 2023, Profusa management, with shareholder consent, approved the issuance of Senior Convertible Promissory Notes for up to $3.0 million in aggregate principal amount and 12% interest (the “Note Purchase Agreement”), of which, management expects a total of $2.7 million will be borrowed. The proceeds are being used to fund its working capital needs. While the Note Purchase Agreement provides for the issuance of up to $3.0 million of senior secured promissory notes of Profusa, the total principal amount of notes issued under the Note Purchase Agreement was $2.7 million as of the December31, 2024 balance sheet date, and is currently $2.7 million total outstanding to date. On September27, 2024, Profusa management, with shareholder consent, amended the issuance of Senior Convertible Promissory Notes for up to $5.0million in aggregate principal amount and 12% interest (the “Note Purchase Agreement”), to allow capacity to issue the Profusa Senior Secured Convertible Notes, of which, management expects a total of $2.3million will be borrowed, in addition to the $2.7million of senior convertible bridge notes borrowed, as mentioned above. The proceeds are being used to fund its working capital needs. While the Note Purchase Agreement provides for the issuance of up to $5.0million of senior secured promissory notes of Profusa, the total principal amount of notes issued for Profusa Senior Secured Convertible Notes was $1.35million as of the December31, 2024 balance sheet date, and is currently $2.2million total outstanding to date.

182 Following Profusa’s issuance of the senior convertible bridge notes, a bridge noteholder sold one such note, with a principal balance of $200,000, to Ascent in a privately negotiated transaction unrelated to the Merger or the PIPE