Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 507

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 507
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 of the SEC and Nasdaq with respect to nominating committee membership. New Profusa’s Board will adopt a new written charter for the nominating committee, which will be available on New Profusa’s website after adoption. The reference to New Profusa’s website address in this proxy statement/prospectus does not include or incorporate by reference the information on New Profusa’s website into this proxy statement/prospectus. Risk Oversight Our board of directors is responsible for overseeing our risk management process. Our board of directors focuses on our general risk management strategy, the most significant risks facing us, and oversees the implementation of risk mitigation strategies by management. Our audit committee is also responsible for discussing our policies with respect to risk assessment and risk management. Our board of directors believes its administration of its risk oversight function has not negatively affected our board of directors’ leadership structure. Code of Ethics New Profusa’s Board will adopt a Code of Ethics applicable to our directors, executive officers and team members that complies with the rules and regulations of Nasdaq and the SEC. The Code of Ethics will be available on New Profusa’s website. In addition, New Profusa intends to post on the Corporate Governance section of its website all disclosures that are required by law or Nasdaq listing standards concerning any amendments to, or waivers from, any provision of the Code of Ethics. The reference to New Profusa’s website address in this proxy statement/prospectus does not include or incorporate by reference the information on New Profusa’s website into this proxy statement/prospectus. Compensation of Directors and Officers Following the Closing of the Business Combination, we expect New Profusa’s executive compensation program to reflect Profusa’s compensation policies and philosophies, as they may be modified and updated from time to time. Following the Closing of the Business Combination, we expect that decisions with respect to the compensation of our executive officers, including our named executive officers, will be made by the compensation committee of the New Profusa Board. Profusa’s executive compensation programs for 2024 are further described above under “ Management of Profusa — Profusa Executive Compensation” and “ Management of Profusa — Profusa Director Compensation.” Description of EIS and ESPP Plans New Profusa will establish a 2025 equity incentive plan and 2025 employee stock purchase plan. For additional information, see sections entitled “ Proposal 6 — The Equity Incentive Plan Proposal” and “ Proposal 7 — The ESPP Proposal”. 295

SHARES ELIGIBLE FOR FUTURE SALE Upon the Closing, New Prof