m_and_a
confidence high
sentiment neutral
materiality 0.80
NorthView amends Profusa merger terms and secures up to $20M convertible note financing
Profusa, Inc.
- Amendment No. 4 lowers earnout revenue target for Milestone IV from $99.7M in FY2025 to $11.864M in FY2026.
- Milestone III (Tasly JV) deadline extended to December 31, 2025; merger termination date pushed to March 22, 2025.
- Securities Purchase Agreement for $22.22M principal convertible notes ($20M net after 10% OID); first tranche of $10M at closing.
- Convertible notes mature in 18 months, 10% interest (24% default), conversion at lower of $10 or 95% of 10-day VWAP with MFN/down-round protections.
- Lock-up agreements for NorthView officers/directors on shares post-closing.