Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 360

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 360
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F-62

NORTHVIEW ACQUISITION CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 1 — Description of Organization and Business Operations (cont.)

In order to finance transaction
costs in connection with an intended Business Combination, the initial stockholders or an affiliate of the initial stockholders or certain
of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans (see Note 5).

On April 27, 2023, the
Company signed a Convertible Working Capital Promissory Note (“the Note”) with the Sponsor for $1,200,000. The Note is non-interest
bearing and is due the earlier of the consummation of a business combination or the date of liquidation. The Sponsor may elect to convert
all or any portion of the unpaid principal balance of this Note into warrants, at a price of $1.00 per warrant.

On January 10, 2024, the
Company’s Board of Directors approved, and the Company amended the Note to increase the principal amount of the Note that could
be drawn on to $1.5 million. The amended and restated Note also allows for the conversion of the outstanding principal balance of
the Note to be repaid in shares of Company common stock at a price of $2.22 per share at the election of the sponsor.

On May 31, 2024, the Company’s
Board of Directors approved, and the Company second amended its Note to increase the principal amount of the Note that could be drawn
on to $2.5 million. The second amended and restated Note also allows for the conversion of the outstanding principal balance of the
Note to be repaid in shares of Company common stock at a price of $2.22 per share at the election of the sponsor.

The Company had principal outstanding
of $1,919,796 and is presenting the Note at fair value on its balance sheet at December 31, 2024 in the amount of $8,908,052. As of December
31, 2024, no amounts were repaid against the loan.

The Company has until June 22,
2025 to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by June 22,
2025. If a Business Combination is not consummated by the required date, there will be an option to either extend the time available for