Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 335

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 335
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 Common Stock is treated as a corporate distribution, as discussed above under the section entitled “ — Redemption of NorthView Common Stock,” the amount of cash received in the redemption generally will constitute a dividend for U.S. federal income tax purposes to the extent paid out of NorthView’s current or accumulated earnings and profits (as determined under U.S. federal income tax principles) and, provided such dividend is not effectively connected with the Non -U.S. holder’s conduct of a trade or business within the United States, we will be required to withhold tax from the gross amount of the dividend at a rate of thirty percent (30%), unless such Non -U.S. holder is eligible for a reduced rate of withholding tax under an applicable income tax treaty and timely provides proper certification of its eligibility for such reduced rate (usually on an IRS Form W -8BENor IRS Form W -8BEN-E). Any distribution not constituting a dividend will be treated first as reducing (but not below zero) the Non -U.S. holder’s adjusted tax basis in its shares of NorthView Common Stock redeemed and, to the extent such distribution exceeds the Non -U.S. holder’s adjusted tax basis, as gain realized on the sale of the NorthView Common Stock, which will be treated as described below under the section entitled “ — Non -U .S. Holders — Taxation of Redemption Treated as a Sale of NorthView Common Stock.” Because it may not be certain at the time a Non -U.S. holder is redeemed whether such Non -U.S. holder’s redemption will be treated as a sale of shares or a distribution constituting a dividend, and because such determination will depend in part on a Non -U.S. holder’s particular circumstances, we or the applicable withholding agent may not be able to determine whether (or to what extent) a Non -U.S. holder is treated as receiving a dividend for U.S. federal income tax purposes. Therefore, we or the applicable withholding agent may withhold tax at a rate of 30% (or such lower rate as may be specified by an applicable income tax treaty) on the gross amount of any consideration paid to a Non -U.S. holder in redemption of such Non -U.S. holder’s NorthView Common Stock, unless (i) we or the applicable withholding agent have established special procedures allowing Non -U.S. holders to certify that they are exempt from such withholding tax and (ii) such Non -U.S. holders are able to certify that they meet the requirements