Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 363

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 363
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. Upon consummation of the Business Combination, management will perform a comprehensive review of the two entities’ accounting policies. Based on its initial analysis, management did not identify any differences that would have a material impact on the unaudited pro forma condensed combined financial information. 2.Adjustments to Unaudited Pro Forma Condensed Combined Financial Information Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet The adjustments included in the unaudited pro forma condensed combined balance sheet as of December31, 2024 are as follows: (A)Reflects the reclassification of the remaining shares of NorthView Common Stock subject to possible redemption to permanent equity immediately prior to the Merger. (B)Reflects the liquidation and reclassification of the balance of investments held in the trust account to cash and cash equivalents that becomes available to fund the Transaction, assuming no redemptions. This is the full trust account balance as of December31, 2024, which is further adjusted for the March 2025 redemptions reflected in adjustment (V) below to reflect the remaining trust account balance following such redemptions. (C)Reflects the gross proceeds from the issuance and sale of PIPE Convertible Notes of NorthView that are convertible into shares of NorthView common stock at $10.00 per share pursuant to the PIPE Subscription Agreement entered into with the PIPE Investors, assuming no redemptions. The PIPE Subscription Agreement provides for a total facility up to $22.22million which is split into tranches. The Initial Note will be funded upon closing the merger for $10million subject to a 10% OID ($9.0million net). The notes are not expected to convert as of the closing date. As such, the notes will remain in the pro forma balance sheet for pro forma purposes, as the notes convert at the election of the note holder until the shares are registered. (D)Reflects the elimination of historical earnings of NorthView. (E)Represents estimated direct and incremental transaction costs incurred by New Profusa related to the Merger and PIPE Subscription Agreement of approximately $6.1 million for advisory, banking, printing, legal and accounting. (F)Represents the payment of preliminary estimated direct and incremental transaction costs, of which $1.6 million is expected to be paid in shares and $4.5million is expected to be paid in cash, including the Business Combination Marketing Fee of $2.0million. (G)Represents reclassification of Profusa’s