Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 526

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 526
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usa surviving as a wholly -ownedsubsidiary of NorthView. In connection with the Merger, NorthView will change its name to “Profusa, Inc.” The Business Combination is subject to customary closing conditions, including the satisfaction of the minimum available cash condition of $ 15,000,000, the receipt of certain governmental approvals and the required approval by the stockholders of NorthView and Profusa. There is no assurance that the Business Combination will be completed. The aggregate consideration to be received by the Profusa stockholders is based on a pre -transactionequity value of $ 155,000,000. The exchange ratio will be equal to (a) $ 155,000,000, divided by an assumed value of NorthView Common Stock of $ 10.00per share. Subject to certain future revenue and stock -pricebased milestones, Profusa stockholders will have the right to receive an aggregate of up to an additional 3,875,000shares of NorthView Common Stock. On September 12, 2023, the parties to the Merger Agreement entered into Amendment No. 1 to the Merger Agreement (the “Amendment”) pursuant to which the parties agreed to revise the revenue earnout milestones to reflect updated projections provided by Profusa. Specifically, Amendment No. 1 revised the definition of “Milestone Event III” and “Milestone Event IV” such that one -quarterof the Earnout Shares would be issued to Profusa stockholders if the combined company achieves Earnout Revenue of $ 11,864,000for the fiscal year ended December 31, 2024, and one -quarterof the Earnout Shares would be issued to Profusa stockholders if the combined company achieves Earnout Revenue of $ 99,702,000for the fiscal year ended December 31, 2025. Amendment No. 1 also clarified the exercise price of certain of the Company’s Warrants. F-22 NORTHVIEW ACQUISITION CORPORATION
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 6 — Commitments and Contingencies (cont.) On September 14, 2023 and September 29, 2023, the Company paid Profusa related expenses in the amount of $ 25,000, respectively, for a total of $ 50,000. The Profusa related expenses will not be repaid and did not incur such expenses as of the date of filing. On January 12