Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 339

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 339
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 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 Profusa Common Stock in the Merger — Non -U .S. Holders” applies. Tax Consequences of Ownership and Disposition of New Profusa Common Stock Received by Holders of Profusa Common Stock in the Merger U.S. Holders Distributions on New Profusa Common Stock If New Profusa pays distributions to U.S. holders of shares of New Profusa Common Stock, such distributions generally will constitute dividends for U.S. federal income tax purposes to the extent paid from New Profusa’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. holder’s adjusted tax basis in New Profusa Common