Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 1163

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1163
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, to NorthView Sponsor I, LLC (“the Sponsor”), I-Bankers Securities, Inc., and Dawson James Securities,
Inc. at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,347,500, which is discussed
in Note 4.

Transaction
costs amounted to $7,959,726 consisting of $3,450,000 of underwriting discount, $3,570,576 of Representative’s Shares cost, $259,527
of Representative’s Warrants cost and $679,623 of other offering costs.

The
Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least
80% of the value of the assets held in the Trust Account (as defined below) (excluding taxes payable on the interest earned on the Trust
Account) at the time of the signing a definitive agreement in connection with the initial Business Combination. However, the Company
will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities
of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment
company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.

Following
the closing of the Public Offering on December 22, 2021, 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 a Trust Account (“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-7 under the Investment Company Act as determined by the Company.
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