Company: PFSA
Filing Date: 2025-02-19
Form Type: 425
Source: 0001213900-25-014988
Chunk: 3

Company: Profusa, Inc.
Filing Date: 2025-02-19
Form: 425
Chunk 3
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 Investor to purchase     
 Convertible Notes in the aggregate principal amount of $2,222,222 for a purchase price of    
 $2,000,000 (reflecting a 10% OID) (“Second Purchase”);                                       |

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| (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 $35,000,000 in the aggregate after the $2,000,000 
 Second Purchase has closed, no default or event of default has occurred and the stock has      
 traded at a trading price of no less than $4.00 for a period of five trading days preceding    
 such purchase, NorthView may call and thereby require the Investor to purchase Convertible     
 Notes in the aggregate principal amount of $5,555,555 for a purchase price of $5,000,000       
 (reflecting a 10% OID); and                                                                    |

| (c) | The                                                                                       
 Investor at its sole discretion may call from NorthView and thereby require NorthView to  
 sell an additional Convertible Note having an aggregate principal amount of $4,444,444 at 
 a purchase price of $4,000,000 (reflecting a 10% OID) to be purchased at any time within  
 12 months of the Initial Closing.                                                         |

Form of Convertible Note

Each Convertible Note will mature on the date that is 18-months from its respective closing date (the “Maturity Date”) and is convertible at any time at the holder’s option at the lower of $10 or 95% of the lowest daily volume-weighted average price per share of New Profusa Common Stock in the 10 trading days prior to the original issue date for each Convertible Note and shall be adjusted, without limitation, based on down-round and most-favored nation price and terms protections.

Interest shall accrue on the aggregate unconverted and then outstanding principal amount of the Convertible Notes at a rate of 10% per annum and increase upon an event of default to 24% per annum. Payments made in cash under the Convertible Notes shall be subject to a 5% fee which shall be in addition to any amounts owing thereunder. The Convertible Notes provide for certain events of default that are typical for a transaction of this type, including, among other things, any breach of the representations or warranties made by NorthView or its subsidiaries. The Convertible Notes also