Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 88

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 88
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 rata share of the funds in the trust account. •Assuming Maximum Redemption: This presentation assumes NorthView’s public shares are redeemed for their pro rata share of the funds in NorthView’s trust account. This scenario gives effect to NorthView’s public share redemptions of 52,159shares in addition to redemptions previously made in connection with the Extension, such that the remaining trust balance would be $1.25million at the time of the Business Combination, based upon the non -redemptionagreement between NorthView, I -Bankersand Dawson James, whereby the parties agreed that to the extent that redemptions in connection with the vote to approve the Business Combination reduce the Trust Account Balance below $1.25million, I -Bankersand Dawson James would offer such redeeming shareholders an opportunity to rescind the redemption of their shares and would instead purchase such shares. The non -redemptionagreement is included as Exhibit 10.16 to this proxy statement/prospectus and such purchases would be structured in compliance with the requirements of Rule 14e -5under the Exchange Act or would otherwise not constitute a tender offer pursuant to the Exchange Act. The Merger Agreement provides that the obligations of Profusa to consummate the Merger are conditioned on, among other things, that as of the Closing, NorthView will have a minimum of $15.0 million in cash. Profusa has conditionally waived the Minimum Cash Amount closing condition, subject to NorthView having sufficient funds to satisfy Nasdaq’s initial listing requirements as of the Closing. 24

The following summarizes the pro forma New Profusa common stock issued and outstanding immediately after the Business Combination, presented under the two redemption scenarios listed:

|                                                                                    |     | Pro Forma Combined 
       (Assuming No 
       Redemptions) |     |       |     | Pro Forma Combined 
  (Assuming Maximum 
    Redemptions)(1) |     |       |
| Shareholder                                                                        |     |             Shares |     |     % |     |             Shares |     |     % |
| NorthView public shareholders(4)                                                   |     |          2,052,061 |     |   6.2 |     |          1,999,903 |     |   6.1 |
| NorthView other shareholders(2)                                                    |     |          4,483,530 |     |  13.6 |     |          4,483,530 |     |