Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 51

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 51
---
 connection with its initial business combination, NorthView would continue, as it has since the IPO, to not be subject to the “penny stock” rules of the SEC, and therefore not a “blank check company” as defined under Rule 419 of the Securities Act, because NorthView complied with an exclusion to the “penny stock” rules for companies that have net tangible assets of at least $5,000,001. However, NorthView believes that it may rely on another exclusion, which relates to it being listed on the Nasdaq Stock Market. NorthView will offer to its public stockholders the opportunity to redeem their shares of NorthView Common Stock in connection with the Business Combination. Therefore, if the NTA Requirement Amendment Proposal is not approved, then NorthView would not be able to consummate the Business Combination in the maximum redemption scenario, regardless of whether the NorthView’s stockholders approve the Business Combination. However, if the NTA Requirement Amendment Proposal is approved, then NorthView would be able to consummate the Business Combination in any redemption scenario, assuming the NorthView Stockholders approve the Business Combination and the related proposals. See the section titled “ Unaudited Pro Forma Condensed Combined Financial Information”). Approval of the NTA Requirement Amendment Proposal requires the affirmative vote of the holders of at least 50% of the outstanding shares of NorthView Common Stock. xxiv Q:What happens if the Business Combination is not consummated? A:If NorthView does not complete the Business Combination with Profusa for whatever reason, NorthView would search for another target business with which to complete a business combination. If NorthView does not complete the Business Combination with Profusa or another target business before February22, 2025 (as extended monthly, ultimately until as late as March22, 2025), (the “Completion Window”), or amend the NorthView Amended and Restated Certificate of Incorporation to further extend the date by which NorthView must consummate an initial business combination, NorthView must redeem 100% of the outstanding public shares, at a per -shareprice, payable in cash, equal to the amount then held in the trust account including interest earned on the funds held in the trust account and not previously released to the NorthView to pay taxes (less up to $100,000 of interest to pay dissolution expenses) divided by the number of outstanding public shares. The Sponsor has no redemption rights in the event a business combination is not effected in the Completion Window, and, accordingly, their NorthView