Company: PFSA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001213900-25-021270
Chunk: 37

Company: Profusa, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 37
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 earnings and profits (as determined under United States
federal income tax principles), will constitute dividends for U.S. federal income tax purposes and, provided such dividends are
not effectively connected with the Non-U.S. Holder’s conduct of a trade or business within the United States, we will
be required to withhold tax from the gross amount of the dividend at a rate of 30%, unless such Non-U.S. Holder is eligible for
a reduced rate of withholding tax under an applicable income tax treaty and provides proper certification of its eligibility for such
reduced rate. Any distribution not constituting a dividend will be treated first as reducing (but not below zero) the Non-U.S. Holder’s
adjusted tax basis in its shares of our common stock and, to the extent such distribution exceeds the Non-U.S. Holder’s adjusted
tax basis, as gain realized from the sale or other disposition of the common stock, which will be treated as described under “U.S. Federal
Income Tax Considerations to Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Common
Stock.” Dividends we pay to a Non-U.S. Holder that are effectively connected with such Non-U.S. Holder’s conduct
of a trade or business within the United States generally will not be subject to United States withholding tax, provided such
Non-U.S. Holder complies with certain certification and disclosure requirements. Instead, such dividends generally will be subject
to United States federal income tax, net of certain deductions, at the same graduated individual or corporate rates applicable to
U.S. Holders (subject to an exemption or reduction in such tax as may be provided by an applicable income tax treaty). If the Non-U.S. Holder
is a corporation, dividends that are effectively connected income may also be subject to a “branch profits tax” at a rate
of 30% (or such lower rate as may be specified by an applicable income tax treaty).

As previously noted above, the foregoing discussion of certain material U.S. federal income tax consequences is included for general information purposes only and is not intended to be, and should not be construed as, legal or tax advice to any stockholder. We once again urge you to consult with your own tax adviser to determine the particular tax consequences to you (including the application and effect of any U.S. federal, state, local or foreign income or other tax laws) of the receipt of cash in exchange for shares redeemed in connection with the Extension Proposal.