Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 60

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 60
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 the Company will be able to successfully effect a business combination. Following the closing of the IPO, 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 the 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 -7under the Investment Company Act as determined by the Company. Subsequently, on January 3, 2024, NorthView instructed the trustee of the Trust Account to liquidate the assets held in the Trust Account and to instead hold all Trust Account funds in an interest -bearingbank demand deposit account and cash, which NorthView expects to continue to hold until the earlier of consummation of NorthView’s initial business combination or liquidation of NorthView’s Trust Account to its public stockholders. 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 be released from the Trust Account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of any public shares properly tendered in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing 1 of the Company’s obligation to redeem 100% of the public shares if the Company does not complete the initial business combination within 15 months from the closing of the IPO (the “Combination Period”), which may be extended by NorthView monthly for up to twelve additional months (ultimately until as late as March 22, 2024) by causing $0.05 for each public share remaining outstanding, to be contributed into the Trust Account for each of the twelve subsequent calendar months commencing on March 22, 2023, or (B) with respect to any other provision relating to stockholders’ rights or pre -businesscombination activity, and (iii) the redemption of all of the Company’s public shares if the Company is unable to complete the business combination within the Combination Period, subject to applicable law. In connection with a special meeting of NorthView stockholders, held