NorthView Acquisition Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>NorthView Acquisition Corp. has filed its 2023 10-K, detailing its common stock, rights, and warrants trading on NASDAQ.</b>

AI Summary

NorthView Acquisition Corp (NVACW) filed a Annual Report (10-K) with the SEC on February 26, 2024. NorthView Acquisition Corp. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company's common stock trades under the symbol NVAC on The NASDAQ Stock Market LLC. Rights convertible into one-tenth of a share of common stock trade under the symbol NVACR. Warrants exercisable for one share of common stock at $11.50 per share trade under the symbol NVACW. The company is incorporated in Delaware and its principal executive offices are located in New York, NY.

Why It Matters

For investors and stakeholders tracking NorthView Acquisition Corp, this filing contains several important signals. This filing provides a comprehensive overview of NorthView Acquisition Corp.'s financial performance and operational status for the fiscal year 2023. Investors and stakeholders can review the company's listed securities, including common stock, rights, and warrants, and their trading information on the NASDAQ.

Risk Assessment

Risk Level: low — NorthView Acquisition Corp shows low risk based on this filing. The filing is a standard annual report (10-K) with no immediate indicators of significant financial distress or major operational changes, suggesting a low-risk profile based solely on this document.

Analyst Insight

Monitor future filings for updates on the company's business development activities and financial health.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported fiscal year end date)
• 2024-02-26 — Filing Date (Date the 10-K was filed)
• 001-41177 — SEC File Number (Registrant's SEC file number)
• 86-3437271 — IRS Number (Registrant's IRS Employer Identification Number)
• 11.50 — Warrant Exercise Price (Exercise price per whole share for NVACW warrants)

Key Players & Entities

• NorthView Acquisition Corp. (company) — Filer name
• NVACW (company) — Trading symbol for warrants
• The NASDAQ Stock Market LLC (company) — Exchange where securities are registered
• NVAC (company) — Trading symbol for common stock
• NVACR (company) — Trading symbol for rights
• Delaware (company) — State of incorporation
• New York (company) — City of principal executive offices
• 2023-12-31 (date) — Fiscal year end

FAQ

Risk Factors

• General and Administrative Expenses [medium — financial]: The company incurs significant general and administrative expenses, which could impact its ability to achieve profitability.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
• 2024-02-26: 10-K Filing Date — Date NorthView Acquisition Corp. filed its annual report.

Key Financial Figures

• $11.50 — of common stock at an exercise price of $11.50 per whole share NVACW The NASDAQ Stock
• $0.0001 — ares of Company common stock, par value $0.0001 were issued and outstanding. Document
• $155,000,000 — ed on a pre-transaction equity value of $155,000,000. The exchange ratio will be equal to (a
• $10.00 — umed value of NorthView Common Stock of $10.00 per share. Subject to certain future
• $12.50 — ighted average market price of at least $12.50 per share for any 20 trading days withi
• $14.50 — ighted average market price of at least $14.50 per share for a similar number of days
• $99,702,000 — the combined company achieves at least $99,702,000 in revenue in fiscal year 2025 (or up t
• $11,864,000 — ned company achieves Earnout Revenue of $11,864,000 for the fiscal year ended December 31,
• $9.3 m — a business combination of approximately $9.3 million, as of December 31, 2023, assumin
• $6,986,250 — redemptions. This amount includes up to $6,986,250 of the business combination marketing f
• $1,921,219 — to I-Bankers and Dawson James, of which $1,921,219 would be payable in cash and $5,065,031
• $5,065,031 — $1,921,219 would be payable in cash and $5,065,031 would be payable in NorthView Common St

Filing Documents

• f10k2023_northviewacq.htm (10-K) — 1236KB
• f10k2023ex31-1_northviewacq.htm (EX-31.1) — 15KB
• f10k2023ex31-2_northviewacq.htm (EX-31.2) — 14KB
• f10k2023ex32-1_northviewacq.htm (EX-32.1) — 6KB
• f10k2023ex32-2_northviewacq.htm (EX-32.2) — 6KB
• f10k2023ex97-1_northviewacq.htm (EX-97.1) — 23KB
• 0001213900-24-016600.txt (&nbsp;) — 5490KB
• nvac-20231231.xsd (EX-101.SCH) — 54KB
• nvac-20231231_cal.xml (EX-101.CAL) — 28KB
• nvac-20231231_def.xml (EX-101.DEF) — 275KB
• nvac-20231231_lab.xml (EX-101.LAB) — 417KB
• nvac-20231231_pre.xml (EX-101.PRE) — 264KB
• f10k2023_northviewacq_htm.xml (XML) — 503KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 36 Item 1C Cybersecurity 36 Item 2.

Properties

Properties 36 Item 3.

Legal Proceedings

Legal Proceedings 36 Item 4. Mine Safety Disclosure 36 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 37 Item 6. [RESERVED] 38 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 8. Consolidated Financial Statements and Supplementary Data 42 Item 9. Change in and Disagreements with Accountants on Accounting and Financial Disclosures 42 Item 9A.

Controls and Procedures

Controls and Procedures 42 Item 9B. Other Information 43 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 43 PART III Item 10. Directors, Executive Officers and Corporate Governance 44 Item 11.

Executive Compensation

Executive Compensation 49 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 50 Item 13. Certain Relationships and Related Transactions and Director Independence 51 Item 14. Principal Accountant Fees and Services 52 PART IV Item 15. Exhibits and Financial Statement Schedules 53 Item 16. Form 10-K Summary 54

Signatures

Signatures 55 i CERTAIN TERMS Unless otherwise stated in this Annual Report on Form 10-K (this "Report"), or the context otherwise requires, references to: "combination period" means the period following the completion of our initial public offering at the end of which, if we have not completed our initial business combination, we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest, divided by the number of then outstanding public shares, subject to applicable law and certain conditions and as further described herein. The combination period ends on March 22, 2024, unless we amend our charter to further extend the period of time to consummate a business combination; "Dawson James" are to Dawson James Securities, Inc.; "founder shares" are to shares of our common stock purchased by our sponsor in a private placement prior to our initial public offering; "I-Bankers" are to I-Bankers Securities, Inc.; "initial stockholders" are to holders of our founder shares prior to our initial public offering; "management" or our "management team" are to our executive officers and directors; "private placement warrants" are to the warrants issued in a private placement to our sponsor, I-Bankers, and Dawson James simultaneously with the closing of our initial public offering; "public shares" are to shares of our common stock sold as part of the units in our initial public offering (whether they were purchased in our initial public offering or thereafter in the open market); "public stockholders" are to the holders of our public shares, including our initial stockholders and management team to the extent our initial stockholders and/or members of our management team purchase public shares, provided that each initial stockholder's and member of our management team's status as a "public stockholder" shall only exist with respect to such public shares;

View Full Filing

View this 10-K filing on SEC EDGAR