Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 983

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 983
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 included 2,475,000 Units issued pursuant to the full exercise of the over-allotment option granted to the underwriters. Each Unit
consists of one share of common stock of the Company, par value $0.0001 per share, one right (the “Rights”), and one-half
of one redeemable warrant of the Company (the “Warrants”). Each Right entitles the holder thereof to receive one-tenth (1/10)
of one share of common stock. Each Warrant entitles the holder thereof to purchase one share of common stock for $11.50 per share, subject
to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $189,750,000.

Simultaneously
with the closing of the IPO, the Company completed the private sale of an aggregate of 7,347,500 warrants (the “Private Placement
Warrants”), which included 697,500 Private Placement Warrants issued pursuant to the full exercise of the over-allotment option
granted to the underwriters, to NorthView Sponsor I, LLC (“the Sponsor”), I-Bankers Securities, Inc., and Dawson James Securities,
Inc. at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,347,500, which is discussed
in Note 4.

Transaction
costs amounted to $7,959,726 consisting of $3,450,000 of underwriting discount, $3,570,576 of Representative’s Shares cost, $259,527
of Representative’s Warrants cost and $679,623 of other offering costs.

The
Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least
80% of the value of the assets held in the Trust Account (as defined below) (excluding taxes payable on the interest earned on the Trust
Account) at the time of the signing a definitive agreement in connection with the initial Business Combination. However, the Company
will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities
of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment
company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.

Following
the closing of the Public