Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 361

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 361
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 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 gain (loss) from changes in the fair value of Northview’s convertible loan upon Merger. (EE)Represents elimination of loss from changes in the fair value of Profusa’s Tasly Convertible Debt upon Merger. (FF)To account for the Profusa Senior Secured Working Capital Loan interest at 12.0% during the year ended December31, 2024, for the portion not already accounted for in accrued interest. (GG)Represents the accrual of preliminary estimated Transaction related costs incurred by NorthView after December31, 2024. (HH)Represents issuance of the Milestone Earnout Rights and Profusa Inducement Recoupment Earnout Rights to the equityholders of Profusa, which are expected to be treated as dividend distributions and recorded in additional paid -incapital. Earnout right represents a right to receive shares in future upon meeting certain earnout targets. The issuance date fair values of Milestone Earnout Rights and Profusa Inducement Recoupment Earnout Rights was determined using Monte Carlo Simulation approach. The Company estimated the vesting and payoff of the Milestone Earnout Shares and the Inducement Shares related to Milestone I Event and Milestone II Event for each simulated stock price path, and the vesting and payoff of the Milestone Earnout Shares related to Milestone III Event and Milestone IV Event for each simulated revenue path and the correlated stock price path. The fair value is then determined by averaging the payoff across all simulated paths and discounting it to the valuation