Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 178

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 178
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 or 78 to otherwise issue additional securities or obtain additional financing in the future and could negatively impact the ability of our security holders to trade, and result in further reduced liquidity and demand for, our securities; and •a limited amount of news and analyst coverage. Additionally, under the Merger Agreement, one of the conditions to Closing is the listing by Nasdaq of the New Profusa common stock and securities and satisfaction of initial and continued listing requirement. Following the delisting of our securities from the Nasdaq, New Profusa may face increased difficulties and uncertainties in meeting the initial and continued listing requirement of Nasdaq, such as the requirements as to the market value of unrestricted publicly held shares and market value of listed securities, and therefore face increased uncertainties as to its ability to successfully consummate the Business Combination. If NorthView is deemed to be an investment company for purposes of the Investment Company Act, NorthView would be required to institute burdensome compliance requirements and its activities could be severely restricted. As a result, if NorthView is so deemed to be an investment company, unless it can modify activities so as not to be deemed an investment company, NorthView may need to curtail or abandon its efforts to complete an initial Business Combination and instead commence liquidation. There is currently some uncertainty concerning the applicability of the Investment Company Act of 1940, as amended (the “Investment Company Act”) to a SPAC, including a company like NorthView. As a result, it is possible that a claim could be made that NorthView has been operating as an unregistered investment company. If NorthView is deemed to be an investment company under the Investment Company Act, NorthView’s activities would be severely restricted. In addition, NorthView would be subject to burdensome legal and regulatory compliance requirements. NorthView does not believe that its principal activities will subject it to regulation as an investment company under the Investment Company Act. To mitigate the risk of NorthView being deemed to be an unregistered investment company (including under the subjective test of Section 3(a)(1)(A) of the Investment Company Act) and thus subject to regulation under the Investment Company Act, since January 3, 2024, NorthView has held all funds in the Trust Account in an interest -bearingbank demand deposit account and cash, and expects to continue to do so until the earlier of consummation of NorthView’s initial business combination or liquidation of NorthView. As a result, NorthView could receive minimal interest, if any, on the funds held in