---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-014987"
form_type: "8-K"
ticker: "PFSA"
cik: "0001859807"
company_name: "Profusa, Inc."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:29:48.652714+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NorthView amends Profusa merger terms and secures up to $20M convertible note financing

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-014987
- form_type: 8-K
- ticker: PFSA
- cik: 0001859807
- company_name: Profusa, Inc.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859807/000121390025014987/0001213900-25-014987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859807/000121390025014987/ea0231358-8k425_north.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-014987
- JSON: https://secwatch.observer/filing/0001213900-25-014987.json
- Plain text: https://secwatch.observer/filing/0001213900-25-014987.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.