Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 51

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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10 or fewer trading day valuation period commencing on the trading date immediately
following the delivery of the Advance Notice, or as determined by the Purchaser. The purchase price per share at each Closing will be
equal to 97% of the lowest volume-weighted average price (“VWAP”) of the Company’s common stock during the applicable
valuation period, subject to a floor price and other adjustments as set forth in the Purchase Agreement. The maximum purchase price at
any single Closing is limited to the lower of (a) $5,000,000 or (b) 100% of the average daily traded value of the common stock for the
five trading days immediately preceding such Closing.

The Purchase Agreement contains certain limitations, including that
the aggregate number of shares issued under the Purchase Agreement may not exceed the number of shares registered under the applicable
registration statement or the exchange cap (generally 19.9% of the Company’s outstanding common stock as of the effective date),
unless stockholder approval is obtained or as otherwise permitted by the rules of the principal trading market. In addition, the Purchaser’s
beneficial ownership of the Company’s common stock is limited to 9.99% of the outstanding shares immediately after giving effect
to any issuance.

The Purchase Agreement also provides for the issuance of a warrant
to the Purchaser for the purchase of 900,000 shares of common stock, and includes a Registration Rights Agreement, Lock-Up Agreements
from the Company’s officers and directors, and a Transfer Agent Instruction Letter. The Company is required to reserve sufficient
shares of common stock to satisfy its obligations under the Purchase Agreement and to maintain the listing of its common stock on its
principal trading market.

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.

References to the “Company,” “NorthView
Acquisition Corp.,” “NorthView,” “our,” “us” or “we” refer to NorthView Acquisition
Corp. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction
with the unaudited condensed consolidated financial statements and the notes thereto contained elsewhere in this report. Certain information
contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and