Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 376

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 376
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 a capital gain or loss. New Profusa (or the employer subsidiary) will generally be entitled to a deduction in the year of purchase equal to the amount of ordinary income realized by the participant. New Plan Benefits The benefits that might be received by participating employees under the ESPP cannot be determined because the benefits depend upon the degree of participation by employees and the trading price of New Profusa Common Stock in future offering periods. Equity Compensation Plan Information Prior to the Effective Time, NorthView has no equity compensation plans or outstanding equity awards. Vote Required for Approval The approval of the ESPP Proposal requires the majority of the votes cast by the stockholders present in person (which would include presence at a virtual meeting) or represented by proxy at the Special Meeting. Abstentions and broker non -votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the extraordinary general meeting, and otherwise will have no effect on the ESPP Proposal. If the Business Combination Proposal and the Nasdaq Proposals are not approved, the ESPP Proposal will not be presented at the special meeting. The ESPP Proposal is conditioned on the approval and adoption of each of the other Condition Precedent Proposals. Notwithstanding the approval of the ESPP, if the Merger is not consummated for any reason, the actions contemplated by the ESPP will not be effected. The Sponsor has agreed to vote all of its shares in favor of the ESPP Proposal. Recommendation of the NorthView Board THE NORTHVIEW BOARD UNANIMOUSLY RECOMMENDS THAT NORTHVIEW STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE ESPP PROPOSAL. 203 PROPOSAL 8 — THE NTA REQUIREMENT AMENDMENT PROPOSAL This is a proposal to amend (the “NTA Requirement Amendment Proposal”) the Current Charter to expand the methods that NorthView may employ to not become subject to the “penny stock” rules of the Securities and Exchange Commission. All stockholders are encouraged to read the proposed modification to the Current Charter below. The NTA Requirement Section 9.2(a) of the Current Charter currently provides the following: “Prior to the consummation of the initial Business Combination, the Corporation shall provide all holders of Offering Shares with the opportunity to have their Offering Shares redeemed upon the consummation of the initial Business Combination pursuant to, and subject to the limitations of, Sections 9.2(b)and 9.2(c)(such rights of such holders to