Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 148

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 148
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 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 12.0% during the year ended December 31, 2024, for the portion not already accounted for in accrued interest. All Profusa Senior Secured Working Capital Loan interest was accounted for as of June30, 2025 in Tickmark BB for the period. No new notes were issued between June30, 2025 and the closing of the Business Combination on July11, 2025. FF.Represents the accrual of estimated Transaction related costs incurred by NorthView after June 30, 2025 and December 31, 2024, respectively. GG. Represents issuance of the Milestone Earnout Rights and Profusa Inducement Recoupment Earnout Rights to the equity holders of Profusa, which are 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 date. HH. Reflects transaction costs incurred in excess of proceeds. II.To account for the PIPE Investors interest at 10% related to the first tranche of the PIPE Convertible Note. JJ.To account for the warrant expense associated to the 450,000 minimum number of warrants issuable to Ascent