Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 141

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 141
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5,000,000. If the cash balance is less than $5,000,000, proceeds must first be used to bring the cash balance to that amount, with the remainder used to purchase Bitcoin. The unaudited pro forma condensed combined financial information is not necessarily indicative of what the actual results of operations and financial position would have been had the Business Combination taken place on the dates indicated, nor are they indicative of the future consolidated results of operations or financial position of the Combined Company. They should be read in conjunction with the historical financial statements and notes thereto of NorthView and Profusa. The accompanying pro forma financial statements reflect the impact of transactions that are either completed or considered probable in accordance with Regulation S-X Article 11. Management has considered the impact of the Committed Equity Facility on these pro forma financial statements, and notes that the agreement is written in a manner in which the Company will issue a variable number of shares at a variable issuance price, based on the then current market rates, less a fixed discount. The number of shares registered to date related to the ELOC facility are expected to be issued, which totals 51,182,378 shares, made up of the 8,970,830 shares previously registered and an additional 42,211,548 shares being registered, which is calculated as the maximum number of shares able to be registered based on authorized shares of 300,000,000. The Company has now started to draw on the ELOC and has estimated the issuance price based on the last actual conversion price of .4743 for the first tranche of shares registered, which is based on the VWAP on August 26, 2025, and an estimated conversion price of $0.14 to align with the floor price as defined by the agreement for this next tranche of 42,211,548 shares being registered, as seen in Tickmark (T) on the unaudited pro forma balance sheet. Pursuant to the Purchase Agreement, 900,000 Commitment Warrant Shares are issuable upon exercise of the Commitment Warrants we issued to Ascent upon our execution of the term sheet relating to the Purchase Agreement on July 20, 2025, as consideration for its commitment to purchase shares of our Common Stock that we may, in our sole discretion, direct Ascent to purchase from us pursuant to the Purchase Agreement. The Commitment Warrants have an exercise price of $0.01 and may be exercised for cash or, if at the time of exercise there is