Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 78

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 78
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 after the Business Combination assuming No Redemptions. The following diagram shows the ownership of New Profusa immediately after the Business Combination assuming Maximum Redemptions. Board of Directors of New Profusa Following the Business Combination The parties have agreed to take actions such that, effective immediately after the Closing of the Business Combination, New Profusa’s board of directors shall consist of five directors, consisting of one NorthView designee (who shall be an “independent director”), and four Profusa designees (at least three of whom shall be “independent directors”), one of whom shall be the chief executive officer of the combined company. Additionally, certain current Profusa management personnel will become officers of NorthView. Material Tax Consequences For a detailed discussion of certain U.S. federal income tax consequences of the Business Combination, see the sections titled “ Material U.S. Federal Income Tax Considerations” in this proxy statement/prospectus. Anticipated Accounting Treatment The Business Combination will be accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, NorthView will be treated as the “acquired” company for accounting purposes, and the Business Combination will be treated as the equivalent of Profusa issuing stock for the net assets of NorthView, accompanied by a recapitalization. The net assets of NorthView will be stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination will be those of Profusa. See the accounting treatment discussed elsewhere in this proxy statement/prospectus. 13 Matters Being Voted On At the Special Meeting, NorthView’s stockholders will be asked to consider and vote on the following proposals: •a proposal to approve the Business Combination described in this proxy statement/prospectus, including (a) adopting the Merger Agreement and (b) approving the other transactions contemplated by the Merger Agreement and related agreements described in this proxy statement/prospectus. Please see the section entitled “ Proposal 1 — The Business Combination Proposal”; •a proposal to approve and adopt the Proposed Charter to replace the Existing Charter and to adopt the Proposed Bylaws. Please see the section entitled “ Proposal 2 — The Charter Proposal”; •a proposal to consider and vote upon, on a non -bindingadvisory basis, proposals to approve certain governance provisions contained in the Proposed Charter. Please see the section entitled “ Proposal 3 — The Governance Proposals”; •a proposal to approve, for purposes of complying with the applicable provisions of Nasdaq Listing Rule 5635