Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 191

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 191
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 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, from December 22, 2023, 85 ultimately until as late as March 22, 2024. The 1% excise tax for redemptions that occurred during 2023 has been imposed on NorthView and is currently accrued for, as reflected in NorthView’s audited financial statements. Such amount is currently past due. Additionally, the NorthView stockholders elected to redeem 95,394 public shares of NorthView Common Stock in connection with a shareholder meeting on March 21, 2024, related to the extension of NorthView’s business combination period monthly, for up to six months, from March 22, 2024, ultimately until as late as September 22, 2024. On September19, 2024, the NorthView stockholders elected to redeem 50,556 public shares of NorthView Common Stock in connection with the extension of NorthView’s business combination period monthly, for up to six months, from September22, 2024, ultimately until as late as March22, 2025. On March21, 2025, the NorthView stockholders elected to redeem 532,958 public shares of NorthView Common Stock in connection with the extension of NorthView’s business combination period from March22, 2025, until June22, 2025. At the time of the stockholder vote on March21, 2025, NorthView’s stockholders redeemed 9.1% of the total outstanding shares. The aggregate of 18,820,439 public shares redeemed in connection with the Extension represented approximately 77.9% of the total NorthView shares of common stock outstanding following NorthView’s IPO and approximately 99.2% of the public shares previously outstanding. Additionally, NorthView expects that the redemptions that occurred in 2025 will likely be offset by the NorthView Common Stock shares expected to be issued at the closing of the Business Combination. Following the Closing, NorthView’s only significant asset will be its ownership interest in the Profusa business and such ownership may not be sufficiently profitable or valuable to enable NorthView to pay any dividends on New Profusa Common Stock or satisfy NorthView’s other financial obligations. Following the Closing, NorthView will have no direct operations and no significant assets other than its ownership interest in the Profusa business.