Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 71

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 71
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 a price of $2.22. •The Sponsor and its affiliates can earn a positive rate of return on their investments, even if the Public NorthView Holders experience a negative rate of return on their investments in NorthView and New Profusa. •Fred Knechtel is currently expected to continue as Chief Financial Officer of New Profusa, and certain other NorthView officers and directors could potentially continue as officers and/or directors of New Profusa if the Business Combination is completed. •Because the Sponsor and the NorthView directors will benefit from the completion of a business combination, they may be incentivized to recommend and complete a business combination of a less favorable target company or on terms less favorable to NorthView stockholders, rather than liquidate NorthView. •NorthView would be unable to indemnify its current directors and officers or continue to provide directors’ and officers’ liability insurance unless the Business Combination is completed. •In addition, I -Bankersand Dawson James Securities, the managing underwriters of NorthView’s IPO, received an aggregate of 450,000 representative shares of NorthView Common Stock in connection with the IPO. None of those shares will have any value if NorthView fails to complete an initial business combination and liquidates. Also, pursuant to a business combination marketing agreement (the “Business Combination Marketing Agreement”) executed by NorthView, I -Bankersand Dawson James in connection with the IPO, and as subsequently amended on November7, 2022 and subsequently modified on January19, 2025, in connection with the signing of the Merger Agreement, I -Bankersand Dawson James are entitled to receive a fee (the “Business Combination Marketing Fee”) from NorthView in connection with the Business Combination in an amount equal to an aggregate of $2,000,000 payable in cash. This fee is payable only in the event that the Business Combination closes. The aggregate amount would render the effective Business Combination Marketing Fee for the shares of non -redeemingpublic shareholders to be 106% of the amount remaining in the Trust Account under the No Redemption Scenario. There would be no cash remaining in the Trust Account under the Maximum Redemption Scenario, and therefore effective Business Combination Marketing Fee is indeterminable. These interests may have influenced NorthView’s directors in approving the Business Combination and making their recommendation to vote in favor of the approval of the Business Combination Proposal and the other proposals described in this proxy statement/prospectus. For a further discussion of these considerations, see the section entitled “ Proposal 1 — The Business Combination Proposal