Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 174

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 174
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 to meet such obligation. Therefore, the per -sharedistribution from the trust account in such a situation may be less than $10.00 due to such claims. Additionally, if NorthView is forced to file a bankruptcy case or an involuntary bankruptcy case is filed against it which is not dismissed, or if NorthView otherwise enters compulsory or court supervised liquidation, the proceeds held in the trust account could be subject to applicable bankruptcy law, and may be included in its bankruptcy estate and subject to the claims of third parties with priority over the claims of its stockholders. To the extent any bankruptcy claims deplete the trust account, NorthView may not be able to return to its public stockholders at least $10.00 per share. 75 Our securities were suspended from trading and delisted from Nasdaq on December 27, 2024, following receipt of a delisting determination letter from Nasdaq on December 20, 2024. This could have significant material adverse consequences on us and our securities, including that it will negatively impact our ability to complete a Business Combination, will limit investors’ ability to make transactions in our securities and could subject us to additional trading restrictions. We currently have up until as late as March22, 2025 to complete an initial business combination. Nasdaq Listing Rule 5815, which was amended effective October7, 2024, provides for the immediate suspension and delisting upon issuance of a listing determination letter for failure to meet the requirement in Nasdaq Listing Rule IM 5101 -2(b), curtailing the ability of the Nasdaq hearings panel to give special purpose acquisition companies (SPACs) more time to complete an initial business combination beyond 36months. Nasdaq Listing Rule IM 5101 -2(b) requires a SPAC such as us to complete its initial business combination within 36months of the effectiveness of its IPO registration statement, which, in our case, was December20, 2024. As such, following December20, 2024 (our 36 -monthanniversary), we are no longer in compliance with Nasdaq listing rules. On December20, 2024, we received a delisting determination letter from Nasdaq. As a result, our securities were immediately suspended from trading and delisted from Nasdaq on December27, 2024. Our securities are currently traded on OTC Pink. In addition, in connection with any initial business combination, we would be required to demonstrate compliance with the applicable exchange’s initial listing requirements, which are more