Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 46

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 or achievements expressed or implied by such forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,”
“expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,”
or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but
are not limited to, those described in our other Securities and Exchange Commission (“SEC”) filings.

Overview

We are a blank check company incorporated on
April 19, 2021 as a Delaware corporation and 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 (a “Business Combination”). We
consummated our initial public offering on December 22, 2021 and have identified a target company for our business combination. We intend
to use the cash proceeds from our Public Offering and the Private Placement described below as well as additional issuances, if any,
of our capital stock, debt or a combination of cash, stock and debt to complete the Business Combination.

We expect to incur significant costs in the pursuit
of our initial Business Combination. We cannot assure you that our plans to raise capital or to complete our initial Business Combination
will be successful.

Recent Developments

Proposed Business Combination

On November 7, 2022, NorthView entered into a
Merger Agreement and Plan of Reorganization (the “Merger Agreement”), by and among NorthView, NV Profusa Merger Sub Inc.,
a Delaware corporation and a direct, wholly-owned subsidiary of NorthView (“Merger Sub”), and Profusa, Inc., a California
corporation (“Profusa”).

The Merger Agreement provides that, among other
things, at the closing (the “Closing”) of the transactions contemplated by the Merger Agreement, Merger Sub will merge with
and into Profusa (the “Merger”), with Profusa surviving as a wholly-owned subsidiary of NorthView. In connection with the
Merger, NorthView will change its name to “Profusa, Inc.” The Merger and the other transactions contemplated by the Merger
Agreement are hereinafter referred to as the “Business Combination.”

The Business Combination is subject to customary
closing conditions, including the satisfaction of the minimum available cash condition of $15,000,000, the receipt of certain governmental
approvals