Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 393

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 393
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, the Company’s stockholders elected to redeem 532,958 public shares of Common Stock in connection with the extension of our business combination period for up to three months, from March22, 2025, ultimately until June22, 2025. In connection with this extension, the Company is required to contribute $30,000 to the Trust Account, which occurred on March21, 2025. Following the extension, we have available funds in the Trust Account of approximately $1.9million as of March21, 2025. This amount includes $2.0million of the business combination marketing fee payable to I -Bankersand Dawson James, payable in cash upon the Closing of our business combination with Profusa. As the Business Combination Marketing Fee exceeds the funds available in the Trust Account, the Company is expected to use proceeds from the PIPE Subscription Agreement to pay a portion of the business combination marketing fee at the closing of the business combination. Lack of Business Diversification For an indefinite period of time after the completion of our initial business combination, the prospects for our success may depend entirely on the future performance of a single business. Unlike other entities that have the resources to complete business combinations with multiple entities in one or several industries, it is probable that we will not have the resources to diversify our operations and mitigate the risks of being in a single line of business. By completing our initial business combination with only a single entity, our lack of diversification may: •subject us to negative economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact on the particular industry in which we operate after our initial business combination, and •cause us to depend on the marketing and sale of a single product or limited number of products or services. 217 Redemption Rights for Public Stockholders Upon Completion of Our Initial Business Combination In connection with a special meeting of NorthView stockholders, held on March 10, 2023, the NorthView stockholders elected to redeem 18,000,868 public shares of NorthView Common Stock and to extend NorthView’s business combination period monthly, for up to nine months, from March 22, 2023, ultimately until as late as December 22, 2023. Separately, the NorthView stockholders previously elected to redeem 140,663 public shares of NorthView Common Stock in connection with a shareholder meeting on December 21, 2023, related to the extension of NorthView’s business combination period monthly, for up to three months,