Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 377

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 377
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 have their Offering Shares redeemed pursuant to such Sections, the “ Redemption Rights”) hereof for cash equal to the applicable redemption price per share determined in accordance with Section 9.2(b)hereof (the “ Redemption Price”); provided, however, that the Corporation shall not redeem Offering Shares in an amount that would cause the Corporation, either before or immediately after, to have net tangible assets to be less than $5,000,001(such limitation hereinafter called the “ Redemption Limitation”). Notwithstanding anything to the contrary contained in this Amended and Restated Certificate, there shall be no Redemption Rights or liquidating distributions with respect to any warrant issued pursuant to the Offering. The purpose of this provision was to ensure that, in connection with its initial business combination, NorthView would continue, as it has since the IPO, to be not subject to the “penny stock” rules of the SEC, and therefore not a “blank check company” as defined under Rule 419 of the Securities Act because it complied with Rule 3a51 -1(g)(1) (the “NTA Rule”). NorthView is proposing to amend its Current Charter to modify the NTA Requirement as follows: “Prior to the consummation of the initial Business Combination, the Corporation shall provide all holders of Offering Shares with the opportunity to have their Offering Shares redeemed upon the consummation of the initial Business Combination pursuant to, and subject to the limitations of, Sections 9.2(b)and 9.2(c)hereof (such rights of such holders to have their Offering Shares redeemed pursuant to such Sections, the “ Redemption Rights”) for cash equal to the applicable redemption price per share determined in accordance with Section 9.2(b)hereof (the “ Redemption Price”); provided, however, that the Corporation shall not redeem Offering Shares in an amount that would cause the Corporation to have net tangible assets to be less than $5,000,001 (such limitation hereinafter called the “ Redemption Limitation”) unless the Corporation is otherwise exempt from the provisions of Rule 419 promulgated under the Securities Act of 1933, as amended. Notwithstanding anything to the contrary contained in this Amended and Restated Certificate, there shall be no Redemption Rights or liquidating distributions with respect to any warrant issued pursuant to the Offering.” The NTA Rule is one of several exclusions from the “penny stock” rules of the SEC and NorthView believes that it may rely on another exclusion, which relates to