secwatch.observer — SEC 8-K summary
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Issuer:     Profusa, Inc. (PFSA)
CIK:        0001859807
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001213900-25-014987
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859807/000121390025014987/0001213900-25-014987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859807/000121390025014987/ea0231358-8k425_north.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-014987

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer