Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 476

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 476
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 stock of New Profusa representing a majority of the voting power of all outstanding shares of capital stock of New Profusa entitled to vote at such meeting shall constitute a quorum for the transaction of business at such meeting. |

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| DISTRIBUTIONS AND DIVIDENDS; REPURCHASES AND REDEMPTIONS                                                                                                                                                                                                                                                                                                                                                                                                                            |     | Under the DGCL, the board of directors, subject to any restrictions in the corporation’s certificate of incorporation, may declare and pay dividends out of:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | Under the DGCL, the board of directors, subject to any restrictions in the corporation’s certificate of incorporation, may declare and pay dividends out of:                                                                                                                                                                                                                             |
| •   surplus of the corporation, which is defined as net assets less statutory capital; or                                                                                                                                                                                                                                                                                                                                                                                           
 •   if no surplus exists, out of the net profits of the corporation for the year in which the dividend is declared and/or the preceding year.                                                                                                                                                                                                                                                                                                                                       |     | •   surplus of the corporation, which is defined as net assets less statutory capital; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 •   if no surplus exists, out of the net profits of the corporation for the year in which the dividend is declared and/or the preceding year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                                                                                                                                                                                                                                          |
| If, however, the capital of the corporation has been diminished by depreciation in the value of its property, or by losses, or otherwise, to an amount less than the aggregate amount of capital represented by the issued and outstanding stock of all classes having a preference upon the distribution of assets, the board of directors shall not declare and pay dividends out of the corporation’s net profits until the deficiency in the capital has been repaired.         |     | If, however, the capital of the corporation has been diminished by depreciation in the value of its property, or by losses, or otherwise, to an amount less than the aggregate amount of capital represented by the issued and outstanding stock of all classes having a preference upon the distribution of assets, the board of directors shall not declare and pay dividends out of the corporation’s net profits until the deficiency in the capital has been repaired.                                                                                                                                                                                                                                                                                                                                                             |     |                                                                                                                                                                                                                                                                                                                                                                                          |
| Under the DGCL, any corporation may purchase or redeem its own shares, except that generally it may not purchase or redeem