Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 387

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 387
---
    $173,727  
    $912,437 
  
    Excise tax payable attributable to redemption of common stock 
    $16,838  
    $1,864,106 
  
    Accretion of common stock to redemption value 
    $768,980  
    $2,137,638 
  
    Reclassification of common stock subject to redemption to common stock to be redeemed 
    $—  
    $1,565,078 

The
accompanying notes are an integral part of the consolidated financial statements.

F-6

Note
1 – Description of Organization and Business Operations

NorthView
Acquisition Corporation (the “Company” or “Northview”) is a blank check company incorporated in Delaware on April
19, 2021. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses (“Business Combination”). The Company has identified a target
company for a business combination and is consummating the acquisition of Profusa.

The
Company has a wholly-owned subsidiary, NV Profusa Merger Sub Inc. (“Merger Sub”), a Delaware corporation incorporated on
October 13, 2022, formed solely in contemplation of the Merger with Profusa (See Note 6). Merger Sub has not commenced any operations
and has only nominal assets and no liabilities or contingent liabilities, nor any outstanding commitments other than in connection with
the Merger.

On
December 22, 2021, the Company consummated its Initial Public Offering (“IPO”) of 18,975,000 units (the “Units”),
which included 2,475,000 Units issued pursuant to the full exercise of the over-allotment option granted to the underwriters. Each Unit
consists of one share of common stock of the Company, par value $0.0001 per share, one right (the “Rights”), and one-half
of one redeemable warrant of the Company (the “Warrants”). Each Right entitles the holder thereof to receive one-tenth (1/10)
of one share of common stock. Each Warrant entitles the holder thereof to purchase one share of common stock for $11.50 per share, subject
to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $189,750,000.

Sim