Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 180

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 180
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 restricted. In addition, NorthView would be subject to burdensome legal and regulatory compliance requirements. NorthView does not believe that its principal activities will subject it to regulation as an investment company under the Investment Company Act. To mitigate the risk of NorthView being deemed to be an unregistered investment company (including under the subjective test of Section 3(a)(1)(A) of the Investment Company Act) and thus subject to regulation under the Investment Company Act, since January 3, 2024, NorthView has held all funds in the Trust Account in an interest -bearingbank demand deposit account and cash, and expects to continue to do so until the earlier of consummation of NorthView’s initial business combination or liquidation of NorthView. As a result, NorthView could receive minimal interest, if any, on the funds held in the Trust Account, and such holdings by the Trust Account could reduce the dollar amount available to holders of NorthView’s public shares upon any redemption or liquidation of NorthView. In the event that NorthView is deemed to be an investment company, despite any change in investments in the Trust Account, it may be required to liquidate the company, and the longer the period before the investment change, the greater the risk of being considered an investment company. If NorthView is deemed to be an investment company and subject to compliance with and regulation under the Investment Company Act, NorthView would be subject to additional regulatory burdens and expenses for which NorthView is not allotted funds. In addition, if NorthView is deemed to be an investment company, unless NorthView can modify activities so as not to be deemed an investment company, NorthView may need to curtail or abandon its efforts to complete an initial Business Combination and instead commence liquidation. Were NorthView to liquidate, its warrants and rights would expire worthless, and NorthView’s securityholders would lose the investment opportunity associated with an investment in the combined company, including potential price appreciation of New Profusa’s securities. We may not be able to complete an initial business combination with a U.S. target company if such initial business combination is subject to U.S. foreign investment regulations and review by a U.S. government entity such as the Committee on Foreign Investment in the United States (CFIUS), or is ultimately prohibited. Our Sponsor, NorthView Sponsor I, LLC, is a Delaware limited liability company. Sponsor currently owns 4,743,750 founder shares and 5,162,500 warrants. Jack Stover, our Chief Executive Officer and a director