Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 373

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 373
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 fully diluted shares of New Profusa Common Stock at the time of Closing. Subject to the capitalization adjustment provisions contained in the Equity Incentive Plan, no more than 4.95million shares of New Profusa Common Stock in the aggregate may be issued under the Equity Incentive Plan in connection with incentive stock options. The number of shares available under the Equity Incentive Plan shall increase annually on the first day of each calendar year, beginning with the calendar year ending December 31, 2026, and continuing until (and including) the calendar year ending December 31, 2035, with such annual increase equal to the lesser of (i) 4% of the number of shares issued and outstanding on December 31 of the immediately preceding fiscal year and (ii) an amount determined by the New Profusa Board. The number of shares that remain available for future grants under the Equity Incentive Plan shall be reduced by the sum of the aggregate number of shares that become subject to outstanding options, outstanding free -standingSARs, outstanding stock awards and outstanding performance awards denominated in shares, in each case, other than substitute awards. As of the Closing of the Business Combination, no future equity awards shall be granted under the Amended and Restated Profusa, Inc. 2010 Stock Option Plan (the “Prior Plan”). To the extent that shares subject to an outstanding option, SAR, stock award or performance award granted under the Equity Incentive Plan or the Prior Plan, other than substitute awards, are not issued or delivered by reason of (i) the expiration, termination, cancellation or forfeiture of such award (excluding shares subject to an option cancelled upon settlement in shares of a related tandem SAR or shares subject to a tandem SAR cancelled upon exercise of a related option) or (ii) the settlement of such award in cash, then such shares shall again be available under the Equity Incentive Plan. In addition, shares subject to an award under the Equity Incentive Plan or the Prior Plan shall again be available for issuance under the Equity Incentive Plan if such shares are (x) shares that were subject to an option or stock -settledSAR and were not issued or delivered upon the net settlement or net exercise of such option or SAR or (y) shares delivered to or withheld by New Profusa to pay the purchase price or the withholding taxes related to an outstanding award. Notwithstanding the foregoing, shares repurchased by New Profusa on the open market with the proceeds of an