Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 340

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 340
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 result of the Merger. Pursuant to the Merger, the U.S. holder of Profusa Common Stock will receive shares of New Profusa Common Stock in exchange for its shares of Profusa Common Stock. The U.S. holder of Profusa Common Stock’s tax basis in the shares of New Profusa Common Stock received in the Merger will be the same as its tax basis in the shares of Profusa Common Stock surrendered in the Merger in exchange therefor. The holding period of the shares of New Profusa Common Stock received in the Merger by the U.S. holder of Profusa Common Stock will include the holding period of the shares of Profusa Common Stock surrendered in Merger in exchange therefor. 174 If the Merger fails to qualify as a reorganization within the meaning of Section 368(a) of the Code, then the U.S. holder of Profusa Common Stock would recognize gain or loss upon the exchange of its shares of Profusa Common Stock for shares of New Profusa Common Stock equal to the difference between the fair market value, at the time of the exchange, of the New Profusa Common Stock received in the Merger and the U.S. holder of Profusa Common Stock’s tax basis in the shares of Profusa Common Stock surrendered in the Merger. Such gain or loss would be long -termcapital gain or loss if the Profusa Common Stock was held for more than one year at the time of the Merger. In addition, the U.S. holder of Profusa Common Stock’s aggregate tax basis in the shares of New Profusa Common Stock received in the Merger would equal its fair market value at the time of Closing, and the U.S. holder of Profusa Common Stock’s holding period of such shares of New Profusa Common Stock would commence the day after Closing. Non -U .S. Holders of Profusa Common Stock The characterization for U.S. federal income tax purposes of the exchange by a Non -U.S. holder of Profusa Common Stock for New Profusa Common Stock in the Merger generally will correspond to the U.S. federal income tax characterization of such exchange by a U.S. holder, as described above. Any exchanging Non -U.S. holder of Profusa Common Stock will generally not be subject to U.S. federal income tax on any capital gain recognized as a result of the exchange unless one of the exceptions described below in “— Tax Consequences of Ownership and Disposition of New Profusa Common Stock Received by Holders of Prof