Fri, Jun 13, 9:26 PM (30 days ago)
### NorthView Acquisition Corp. (NVAC) Q1 2025 Financial Summary **Overview:** NorthView Acquisition Corp. (NVAC) reported a net loss of $1,119,910 for the quarter ended March 31, 2025, compared to a net loss of $820,277 in the same period last year. The company's financial health remains precarious as it continues to seek a business combination. **Revenue and Profit Margins:** - **Revenue:** NVAC reported no operational revenue, as it has not commenced any operations. - **Net Loss:** The net loss for Q1 2025 was $1,119,910, primarily driven by operating costs of $583,581 and changes in the fair value of warrant liabilities and convertible notes. **Cash Flow:** - **Operating Activities:** Cash used in operating activities was $362,441, impacted by trust interest income and changes in fair value of financial instruments. - **Investing Activities:** Cash provided by investing activities included $99,284 in extension payments and $78,813 in tax reimbursements from the trust account. - **Financing Activities:** Cash used in financing activities included $385,158 in advances from Profusa and $6,510,830 paid out in stock redemptions. **Earnings Changes:** - **Q1 2025 vs. Q1 2024:** The net loss increased by $299,633 due to higher operating costs and changes in the fair value of financial instruments. **Quarterly Performance Discussion:** - **Operational Status:** NVAC has not commenced any operations and has not generated any operational revenue. - **Business Combination:** The company is in the process of completing a business combination with Profusa, Inc., which is subject to various conditions and uncertainties. - **Liquidity:** As of March 31, 2025, NVAC had $18,450 in restricted cash and a working capital deficit of $13,191,353. **Trends and Uncertainties:** - **Business Combination:** The success of the business combination with Profusa is uncertain and subject to various conditions, including regulatory approvals and stockholder votes. - **Liquidity Risks:** The company faces significant liquidity risks and may need to extend the combination period or execute a mandatory liquidation if the business combination is not completed by June 22, 2025. - **Market Risks:** The company's securities have been delisted from Nasdaq and are now quoted on the OTC Pink market, which may limit trading activity and liquidity. **Future Operations Impact:** - **Business Combination:** The completion of the business combination with Profusa is crucial for NVAC's future operations and financial health. - **Liquidity Management:** The company will need to manage its liquidity carefully to ensure it can complete the business combination and avoid mandatory liquidation. - **Regulatory Compliance:** NVAC will need to comply with regulatory requirements and stockholder approvals to complete the business combination and list its securities on a major exchange. **Ticker:** NVAC