Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 340

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 340
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DENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1 — Description of Organization and Business Operations NorthView Acquisition Corporation (now known as Profusa, Inc.) (the “Company” or “Northview”) was a blank check company incorporated in Delaware on April 19, 2021. The Company was 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 (“Business Combination”). The Company had a wholly -ownedsubsidiary, NV Profusa Merger Sub Inc. (“Merger Sub”), a Delaware corporation incorporated on October 13, 2022, which was formed solely in contemplation of the Merger with Profusa (See below). In connection with the Merger, which was consummated on July 11, 2025, Merger Sub is no longer in existence. Business Combination On November 7, 2022, the Company, Profusa, Inc., a California corporation (“Profusa”) and Merger Sub entered into a Merger Agreement and Plan of Reorganization (as the same has been amended, supplemented or otherwise modified from time to time, the “Merger Agreement”). On June 5, 2025 (the “Redemption Date”), the Company received requests to redeem a total of 52,784Public Shares (as defined below), representing 32.4% of the total Public Shares of the Company outstanding prior to the Redemption Date. Following the redemption, 5,295,527Public Shares were outstanding. At the special meeting of the stockholders held on June 9, 2025 (the “Special Meeting”), the Company’s stockholders voted to approve the proposals outlined in the final prospectus and definitive proxy statement filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025 (the “Proxy Statement/Prospectus”), including, among other things, the adoption of the Merger Agreement and approval of the transactions contemplated thereby, including the merger of Merger Sub with and into Profusa, with Profusa continuing as the surviving corporation and as a wholly -ownedsubsidiary of the Company (the “Merger”), and the issuance of the Company’s common stock as consideration thereunder (together with the other transactions contemplated by the Merger Agreement, the “Business Combination”). On July 11, 2025 (the “Closing Date”), the Company closed the Business Combination with Prof