Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 72

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 72
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 longer own the shares for which you have demanded redemption. However, you will continue to own any NorthView Warrants and NorthView Rights you now hold, which will become exercisable for, or converted into, New Profusa Common Stock upon consummation of the Business Combination. See the section entitled “ The Special Meeting of NorthView Stockholders — Redemption Rights.” 10

Impact of the Business Combination and Convertible Securities on New Profusa’s Public Float Immediately after the Closing, assuming no holder of Public Shares exercises its redemption rights, (i) Profusa shareholders will own, collectively, approximately 47.0% of the outstanding New Profusa Common Stock; (ii) NorthView’s public stockholders will retain an ownership interest of approximately 6.2% of the outstanding New Profusa Common Stock; (iii) the Sponsor (and its affiliates) will own approximately 13.6% of the outstanding New Profusa Common Stock, (iv) the Profusa senior secured convertible noteholders will own, collectively, approximately 14.1% of the outstanding New Profusa Common Stock, and (v) other stockholders will own approximately 19.1% of the outstanding New Profusa Common Stock, in each case, on a fully diluted net exercise basis. These indicative levels of ownership interest would amount to approximately 47.1%, 6.1%, 13.6%, 14.1% and 19.1%, respectively, assuming the maximum redemption scenario. If the actual facts are different than these assumptions, the ownership percentages in New Profusa will be different. Sponsor and Profusa’s Participating Security Holders have agreed to forfeit or contribute an aggregate of up to 1,300,000 Inducement Shares, with Sponsor and Profusa contributing up to 1,040,000 shares and 260,000shares, respectively, in connection with fundraising efforts. NorthView’s Sponsor, directors, officers and their affiliates are not expected to participate in any PIPE financing. The following summarizes the pro forma New Profusa common stock issued and outstanding immediately after the Business Combination, presented under the two redemption scenarios listed:

|                                                                                    |     | Pro Forma Combined 
       (Assuming No 
       Redemptions) |     |       |     | Pro Forma Combined 
  (Assuming Maximum 
    Redemptions)(1) |     |       |
| Shareholder                                                                        |     |             Shares |     |     % |     |             Shares |     |     % |