Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 132

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 132
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 transaction costs incurred in excess of proceeds received from additional paid -incapital to accumulated deficit. R.Represents issuance of shares in New Profusa upon conversion of Northview’s convertible loan at the Closing of the Merger. The balance of the note was $1,919,796, which was fair value adjusted on the balance sheet to $10,288,111 is included in the pro forma at the current balance as no interest accrues on this note and was converted into 863,908shares of New Profusa, at an as converted price of $2.22 per share. S.Reflects the impact from the warrants issued to Ascent according to the ELOC Registration Rights Agreement. The warrants are equity classified and recorded at their fair value on the agreement date. T.Reflects the cash received and the shares issued from the ELOC facility, assuming all registered shares are issued at the most recent actual conversion price which was $0.4743 per share. 82 Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations The Transaction Accounting Adjustments included in the unaudited pro forma condensed combined statements of operations for the six months ended June30, 2025 and the year ended December 31, 2024 are as follows: AA. Represents the elimination of investment income related to the investments held in the NorthView Trust Account. BB.Represents elimination of interest expense related to Profusa’s Junior Notes, and the interest expense related to Profusa’s Senior Notes Senior Secured Notes, and Senior Bridge Notes which was incurred following the modification of the Senior Notes on September 27, 2022 which was accounted for as debt extinguishment. Interest expense incurred prior to the September 27, 2022 modification is not eliminated because prior to that date the Senior Notes did not contain conversion feature requiring conversion of the Senior Notes upon a merger with a SPAC. Accordingly, the Senior Notes were deemed to have been extinguished as of September 27, 2022, and re -issuedimmediately as new debt that is convertible upon the Merger. All expenses incurred with respect to the Senior Notes following the September 27, 2022 modification, including interest expense and gains or losses incurred with subsequent modifications of the Senior Notes, are eliminated. CC.Represents the income tax impact on the elimination of investment income related to the investments held in NorthView’s Trust Account. DD.Represents elimination of the changes in the fair value of Northview’s convertible loan upon the