Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 8

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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writers. Each Unit consists of one share of common stock
of the Company, par value $0.0001 per share, one right (the “Rights”), and one-half of one redeemable warrant of the Company
(the “Warrants”). Each Right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock. Each Warrant
entitles the holder thereof to purchase one share of common stock for $11.50 per share, subject to adjustment. The Units were sold at
a price of $10.00 per Unit, generating gross proceeds to the Company of $189,750,000.

Simultaneously with the closing of the IPO, the
Company completed the private sale of an aggregate of 7,347,500 warrants (the “Private Placement Warrants”), which included
697,500 Private Placement Warrants issued pursuant to the full exercise of the over-allotment option granted to the underwriters, to
NorthView Sponsor I, LLC (“the Sponsor”), I-Bankers Securities, Inc., and Dawson James Securities, Inc. at a purchase price
of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,347,500, which is discussed in Note 4.

Transaction costs in connection with the IPO
amounted to $7,959,726, consisting of $3,450,000 of underwriting discount, $3,570,576 of Representative’s Shares cost, $259,527
of Representative’s Warrants cost and $679,623 of other offering costs.

Following the closing of the IPO on December
22, 2021, an amount of $191,647,500 ($10.10 per Unit), excluding $741,228 that was wired to the Company’s operating bank account
on December 31, 2021 for working capital purposes, from the net proceeds of the sale of the public units in the IPO and the sale of the
Private Placement Warrants was placed in a Trust Account (“Trust Account”) and invested in United States government treasury
bills with a maturity of 185 days or less or in money market funds investing solely in United States Treasuries and meeting certain conditions
under Rule 2a-7 under the Investment Company Act as determined by the Company. Except with respect to interest earned on the funds held
in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the IPO will not