Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 265

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 265
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 their final opinion and review the proxy language related to Marshall & Stevens, their engagement, and their Opinion. •On July12, 2022, NorthView held an initial call with Marshall & Stevens to introduce them and Profusa in connection with providing a fairness opinion. Marshall & Stevens interviewed management and discussed, among other things, transaction overview, business operations, product and service lines, financial results, projections, economic conditions and industry trends, market competitors, customer composition and various other topics related to business operations. •On July14, 2022, NorthView, management of Company A, representatives of Tungsten and I -Bankersparticipated in a weekly update call. •On July20, 2022, Marshall & Stevens made a presentation to the NorthView Board on their preliminary analysis of a potential merger between NorthView and Profusa, and took questions from the NorthView Board. The advice presented by Marshall & Stevens as to fairness could only be used by the NorthView Board to assist them in determining whether or not to proceed with the Profusa transaction and whether or not to recommend the proposed Profusa transaction to the NorthView stockholders for approval. In addition, management of NorthView presented a comprehensive analysis of Profusa and compared Profusa to two Other Potential Targets (Company “A” and Company “E”). •On July20, 2022, NorthView management presented a status update on two primary targets, Company A and Profusa, as well as Company C, which was still in consideration and as a non -exclusiveletter of intent was being negotiated. An update on potential secondary targets, Company E, Company F and Company G was also presented to the Board. •On July25, 2022, NorthView and Company A decided that they would not be able to agree on terms for a proposed transaction, and the parties chose not to proceed in further discussions. The LOI with Company A later expired pursuant to its terms. •From July17, 2022, until on or about August17, 2022, NorthView management, I -Bankers, Profusa management and HCW held various conversations regarding potential financing commitments, as summarized below: •On July18, 2022, a discussion took place between Profusa and a potential debt/equity investor who was focused on intellectual property collateral. This was followed by a call between Ben Hwang of Profusa and NorthView management later that day. •On July19, 2022, the NorthView management team initiated a