Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 1107

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1107
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”). The Merger Agreement provides that, among other things,
at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into Profusa (the “Merger”),
with Profusa surviving as a wholly-owned subsidiary of NorthView. In connection with the Merger, NorthView will change its name to “Profusa,
Inc.”

The
Business Combination is subject to customary closing conditions, including the satisfaction of the minimum available cash condition of
$15,000,000, the receipt of certain governmental approvals and the required approval by the stockholders of NorthView and Profusa. There
is no assurance that the Business Combination will be completed.

F-18

Advisory
Agreement

On December 19, 2024, the Company engaged A.G.P to serve as the placement
agent in connection with a proposed business combination transaction. The Company shall pay to A.G.P. a cash fee (the “Cash Fee”)
equal to 9.0% in a convertible note offering, note, or other similar equity-linked offerings, and shall be calculated from the face value
of notes issued, which is payable at the close of a Business Combination. If the Business Combination does not successfully close, A.G.P.
will not be entitled to any cash fee.

Note
7 – Stockholders’ Deficit

Preferred
stock — The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 and
with such designations, rights and preferences as may be determined from time to time by the Company’s board of directors. As
of December 31, 2024 and 2023, there was no preferred stock issued or outstanding.

Common Stock — The Company
is authorized to issue a total of 100,000,000 shares of common stock at par value of $0.0001 each. In April 2021, the Company
issued 5,175,000 shares of common stock to its Sponsor for $25,000, or approximately $0.005 per share. In October 2021,
the Sponsor irrevocably surrendered to the Company for cancellation and for no consideration 862,500 shares of common stock. On
December 20, 2021, the Company effected a 1.1- for-1 stock dividend of its common stock, resulting in an aggregate of 4,743,