Merger Agreement - NorthView Acquisition Corp. entered into a Merger Agreement with Profusa, Inc. with a pre-transaction equity value of $155 million[113][115]. - The Business Combination is subject to customary closing conditions, including minimum available cash and stockholder approvals[114]. - Profusa stockholders may receive up to an additional 3,875,000 shares based on future revenue and stock-price milestones[116]. Financial Performance - For the three months ended September 30, 2022, NorthView reported a net income of $1,763,813, driven by a gain of $1,074,374 from the change in fair value of warrant liabilities[120]. - For the nine months ended September 30, 2022, net income was $6,685,193, primarily from a gain of $6,246,897 related to warrant liabilities[121]. - NorthView incurred $15,000 and $48,387 in administrative service fees for the three and nine months ended September 30, 2022, respectively[130]. Liquidity and Capital - As of September 30, 2022, NorthView had approximately $0.4 million in cash and working capital of approximately $0.5 million[123]. - NorthView's liquidity needs have been satisfied through proceeds from its initial public offering and private placement[124]. - The company has not generated any operating revenues to date and will not do so until after the completion of its initial Business Combination[118]. Business Combination Timeline - The company has until March 22, 2023, to complete a Business Combination, with a potential six-month extension[126].
NorthView Acquisition (NVAC) - 2022 Q3 - Quarterly Report