Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 215

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 215
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 the Record Date. Notice of redemption shall be mailed by first class mail, postage prepaid, by us not less than thirty (30) days prior to the Redemption Date to the registered holders of the public warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the registered holder received such notice. In addition, beneficial owners of the NorthView Public Warrants will be notified of such redemption by our posting of the redemption notice to DTC. 99 NorthView’s stockholders will have a reduced ownership and voting interest after consummation of the Business Combination and will exercise less influence over management After the completion of the Business Combination, NorthView’s stockholders will own a smaller percentage of the combined company than they currently own in NorthView. At the Closing, (i) Profusa shareholders will own, collectively, approximately 47.0% of the outstanding New Profusa Common Stock; (ii) NorthView’s public stockholders will retain an ownership interest of approximately 6.2% of the outstanding New Profusa Common Stock; (iii) the Sponsor (and its affiliates) will own approximately 13.6% of the outstanding New Profusa Common Stock, (iv) the Profusa senior secured convertible noteholders will own, collectively, approximately 14.1% of the outstanding New Profusa Common Stock, and (v) other stockholders will own approximately 19.1% of the outstanding New Profusa Common Stock, in each case, on a fully diluted net exercise basis. These indicative levels of ownership interest would amount to approximately 47.1%, 6.1%, 13.6%, 14.1% and 19.1%, respectively, assuming the maximum redemption scenario. In addition, such ownership and voting interest could be further reduced as a result of issuance of additional New Profusa Common Stock. For example, under the No Redemption Scenario, NorthView Public Stockholders’ ownership and voting interest in the combined company will be reduced to 6.9% upon the issuance of all the Earnout Shares and 5.1% upon the issuance of New Profusa Common Stock underlying all the issued and outstanding NorthView Warrants; and under the Maximum Redemption Scenario, NorthView Public Stockholders’ ownership and voting interest in the combined company will be reduced to 6.2% upon the issuance of the Earnout Shares and 4.5% upon the issuance