Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 246

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 246
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’s board considered the benefits of the transaction with Profusa and determined such transaction was the best transaction available to it at such time. The PIPE Subscription Agreement benefits New Profusa by providing it with additional capital that could fund operations and growth following the Business Combination. Sponsor and its affiliates.For NorthView’s Sponsor, the principal material benefit represented by the Business Combination is that unless the Business Combination (or another initial business combination transaction) is consummated by NorthView prior to the business combination deadline pursuant to its Existing Charter, the Sponsor 118 will lose its entire $5,187,500 investment in NorthView (including $25,000 paid for Founder Shares, and $5,162,500 for Private Placement Warrants), plus the amount loaned to NorthView, which such investment is described in greater detail in the section of this proxy statement/prospectus entitled “ Proposal 1 — The Business Combination Proposal — Interests of Certain Persons in the Business Combination and Conflicts of Interest”. The PIPE Subscription Agreement benefits New Profusa by providing it with additional capital that could fund operations and growth, and thereby potentially further increasing the value of the Sponsor’s New Profusa holdings and their return on investment following the Business Combination. The potential detriment of the PIPE Subscription Agreement to the Sponsor and its affiliates is that the shares of New Profusa Common Stock that may be issued to the PIPE Investors upon the conversion of the PIPE Convertible Notes would dilute the ownership percentage of the Sponsor to approximately 13.6% (assuming either no redemption of NorthView Common Stock by Public Stockholders or maximum redemption NorthView Common Stock by Public Stockholders). Profusa and its affiliates.For Profusa and its affiliates, the Business Combination represents the opportunity to become a publicly traded company, with all the attendant benefits thereof including increased access to capital from the public markets. For Profusa’s affiliates, the tradability of their New Profusa Common Stock is expected to make their holdings more liquid. The potential detriments to Profusa and its affiliates are the increased costs and difficulty of operating as a public company and the dilution of their ownership stake in Profusa’s business of between approximately 47.0% (assuming no redemption of NorthView Common Stock by Public Stockholders) and approximately 47.1% (assuming maximum redemption NorthView Common Stock by Public Stockholders), from 100% of Profusa prior to the Business Combination. The PIPE Subscription Agreement benefits New Profusa by providing it with additional capital that could fund Profusa’s operations and growth following the Business Combination,