Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 190

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 190
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 in the aftermarket following the underwritten public offering. There is no such book of demand built up in connection with a SPAC transaction and no underwriters with the responsibility of stabilizing the share price which may result in the share price being harder to sustain after the transaction. Even if NorthView consummates the Business Combination, there is no guarantee that the NorthView Public Warrants will ever be in the money, and they may expire worthless. The exercise price for NorthView Public Warrants is $11.50 per share of NorthView Common Stock. There is no guarantee that the NorthView Public Warrants will ever be in the money prior to their expiration, and as such, the warrants may expire worthless. If NorthView is unable to complete an initial business combination, NorthView’s Public Warrants may expire worthless. The consummation of the Merger is subject to a number of conditions and if those conditions are not satisfied or waived, the Merger Agreement may be terminated in accordance with its terms and the Merger may not be completed. The Merger Agreement is subject to a number of conditions which must be fulfilled in order to complete the Merger. For example, the Closing is subject to: (i) the approval of NorthView’s stockholders, (ii) the approval of Profusa’s stockholders, (iii) NorthView’s Form S -4registration statement becoming effective; (iv) the representations and warranties of Profusa, NorthView and Merger Sub being true and correct to the standards applicable to such representations and warranties and each of the covenants of Profusa, NorthView and Merger Sub having been performed or complied with in all material respects, (v) no Material Adverse Effect, (vi) the shares of New Profusa 84 Common Stock issuable in connection with the Business Combination being listed on the Nasdaq Stock Market, and (vii) NorthView having cash on hand (inclusive of proceeds from certain permitted financings) of at least $15,000,000 (after deducting any amounts paid to NorthView stockholders that exercise their redemption rights in connection with the Business Combination and net of certain transaction expenses incurred or subject to reimbursement by the Sponsor). Profusa has conditionally waived the Minimum Cash Amount closing condition, subject to NorthView having sufficient funds to satisfy Nasdaq’s initial listing requirements as of the Closing. These conditions to the Closing may not be fulfilled in a timely manner or at all, and, accordingly, the Business Combination may not be completed. In addition, the