Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 38

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 38
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 and preferred shareholders, 7,966,963shares expected to be issued to the holders of Profusa’s junior convertible notes and senior convertible notes, and 380,354shares reserved for Profusa option holders under each redemption scenario. (4)Includes 1,897,500shares issuable pursuant to outstanding NorthView Rights. (5)Represents $1,575,000 of transaction costs being paid in shares of New Profusa Common Stock at $10 per share. (6)Assumes 1,000,000shares issuable upon conversion of the $10million first tranche of the PIPE Investor convertible note facility ($22.22million total) at $10 per share. (7)Senior secured convertible note which includes 710,220 Sponsor shares that were utilized as inducement shares for the notes. (8)Represents 1,385,901shares issued upon the conversion and exchange of Profusa bridge notes and 2,899,111shares issued in exchange for the shares issued pursuant to the Bridge Note Buyout Agreement. (9)Represents shares from the conversion of the NorthView working capital convertible loan at a $2.22 per share.

xv

NorthView Stockholders will experience additional dilution to the extent New Profusa issues additional shares of New Profusa Common Stock after the Closing. The table above excludes 17,404,250shares issuable upon the exercise of 7,347,500 private placement warrants, 9,487,500 public warrants, and 569,250 Representative Warrants, but does include 1,897,500shares issuable pursuant to outstanding NorthView Rights. The following table illustrates the impact on relative ownership levels assuming the issuance of all such shares:

|                                                                                    |     | -Assuming No 
  Redemptions |     |       |     | -Assuming Maximum 
    Redemptions)(1 |     |       |
| Shareholder                                                                        |     |       Shares |     |     % |     |            Shares |     |     % |
| NorthView public shareholders(4)                                                   |     |    2,052,061 |     |   4.1 |     |         1,999,903 |     |   4.0 |
| NorthView other shareholders(2)                                                    |     |    4,483,530 |     |   8.9 |     |         4,483,530 |     |   8.9 |
| Former Profusa