Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 147

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 147
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 accrues on this note and was converted into 863,908shares of New Profusa, at an as converted price of $2.22 per share. S.Reflects the 154,561shares of NorthView common stock redeemed subsequent to March 31, 2025 for an aggregate redemption amount of approximately $0.7 million, which also includes a pro rata portion of the extension payments and interest that accrued between March 2025 and the various redemption dates. T.Reflects the conversion of the Profusa Senior Secured Convertible Notes issued subsequent to March 31, 2025 which converted into shares of New Profusa common stock. U.Reflects the impact from the minimum number of warrants issuable to Ascent according to the ELOC Registration Rights Agreement. The warrants are equity classified and recorded at their fair value on the agreement date. 91 Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations The Transaction Accounting Adjustments included in the unaudited pro forma condensed combined statements of operations for the three months ended March 31, 2025 and the year ended December 31, 2024 are as follows: AA. Represents the elimination of investment income related to the investments held in the NorthView Trust Account. BB.Represents elimination of interest expense related to Profusa’s Junior Notes, and the interest expense related to Profusa’s Senior Notes Senior Secured Notes, and Senior Bridge Notes which was incurred following the modification of the Senior Notes on September 27, 2022 which was accounted for as debt extinguishment. Interest expense incurred prior to the September 27, 2022 modification is not eliminated because prior to that date the Senior Notes did not contain conversion feature requiring conversion of the Senior Notes upon a merger with a SPAC. Accordingly, the Senior Notes were deemed to have been extinguished as of September 27, 2022, and re -issuedimmediately as new debt that is convertible upon the Merger. All expenses incurred with respect to the Senior Notes following the September 27, 2022 modification, including interest expense and gains or losses incurred with subsequent modifications of the Senior Notes, are eliminated. CC.Represents the income tax impact on the elimination of investment income related to the investments held in NorthView’s Trust Account. DD.Represents elimination of the changes in the fair value of Northview’s convertible loan upon the closing of the Business Combination. EE.To account for the Profusa Senior Secured Working Capital Loan interest at