Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 37

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 37
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 Common Stock at an exercise price of $11.50 per share. Additionally, there are 1,897,500shares issuable pursuant to the 18,975,000 NorthView Rights outstanding. Therefore, as of the date of this proxy statement/prospectus (without giving effect to the Business Combination and assuming that none of NorthView’s outstanding public shares are redeemed in connection with the Business Combination), NorthView’s fully diluted capitalization would be 24,650,061shares of NorthView Common Stock. xiv

Sponsor and Profusa’s Participating Security Holders have agreed to forfeit or contribute an aggregate of up to 1,300,000shares of New Profusa common stock (the “Inducement Shares”), with Sponsor and Profusa contributing up to 1,040,000shares and 260,000shares, respectively, in connection with fundraising efforts. Immediately after the Closing, assuming no holder of Public Shares exercises its redemption rights, (i) Profusa shareholders will own, collectively, approximately 47.0% of the outstanding New Profusa Common Stock; (ii) NorthView’s public stockholders will retain an ownership interest of approximately 6.2% of the outstanding New Profusa Common Stock; (iii) the Sponsor (and its affiliates) will own approximately 13.6% of the outstanding New Profusa Common Stock, (iv) the Profusa senior secured convertible noteholders will own, collectively, approximately 14.1% of the outstanding New Profusa Common Stock, and (v) other stockholders will own approximately 19.1% of the outstanding New Profusa Common Stock, in each case, on a fully diluted net exercise basis. These indicative levels of ownership interest would amount to approximately 47.1%, 6.1%, 13.6%, 14.1% and 19.1%, respectively, assuming the maximum redemption scenario. If the actual facts are different than these assumptions, the ownership percentages in New Profusa will be different. The following summarizes the pro forma New Profusa common stock issued and outstanding immediately after the Business Combination, presented under the two redemption scenarios listed:

|                                                                                    |     | Pro Forma Combined 
       (Assuming No 
       Redemptions) |     |       |     | Pro Forma Combined 
  (Assuming Maximum 
    Redemptions)(1) |     |       |
| Shareholder                                                                        |     |             Shares |     |     % |     |             Shares |