Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 346

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 346
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 Merger Agreement with Merger Sub and Profusa, pursuant to which, among other things, (i) Merger Sub will merge with and into Profusa, the separate corporate existence of Merger Sub will cease and Profusa will be the surviving corporation and a wholly owned subsidiary of NorthView, and NorthView will be renamed “Profusa, Inc.”; •Upon the consummation of the Merger, Profusa’s equityholders and holders of convertible promissory notes will receive or have the right to receive an aggregate of 15,500,000shares of New Profusa Common Stock (at a deemed value of $10.00 per share), which, in the case of Profusa Awards, will be shares underlying awards based on New Profusa Common Stock, representing a pre -transaction 177

equity value of Profusa of $155.0 million and (b) the Incentive Equity Value (which is expected to be $29,018,330 for purposes of this proxy statement/prospectus), plus (c) the Private Placement Value (which is expected to be $14,867,899 for purposes of this proxy statement/prospectus), plus (d) the Aggregate Exercise Price, minus (e) the Aggregate Company Incentive Amount. Profusa’s equityholders will also have the right to receive an aggregate of up to an additional 3,875,000shares New Profusa Common Stock upon the achievement of certain future milestones (such total number of shares of New Profusa Common Stock, the “Aggregate Merger Consideration”). Accordingly, the following estimated numbers of shares of New Profusa’s common stock will be immediately issued and outstanding, based on Profusa’s capital stock balance as of December31, 2024:

|                                                             |     | Pro Forma Combined 
       (Assuming No 
       Redemptions) |     |      |   |     | Pro Forma Combined 
  (Assuming Maximum 
       Redemptions) |     |      |   |
| Shareholder                                                 |     |             Shares |     |    % |   |     |             Shares |     |    % |   |
| Shares to Profusa Equity Holders(1)                         |     |          7,152,683 |     | 21.7 | % |     |          7,152,683 |     | 21.8 | % |
| Shares to the holders of Profusa’s senior convertible notes |     |          5,176,