Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 375

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 375
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 a combination of cash and shares or other property. 206 Under the terms of the Equity Incentive Plan, a change in control is generally defined to include (i) certain acquisitions of more than 50% of New Profusa’s then outstanding securities entitled to vote in the election of directors of New Profusa, (ii) the consummation of any merger, consolidation or reorganization of New Profusa, other than any such transaction that does not result in a change in (a) the majority of the directors constituting New Profusa and (b) more than 50% of New Profusa’s then outstanding securities entitled to vote in the election of directors of New Profusa, (iii) any transaction or series of transactions in which all or substantially all of New Profusa’s assets are disposed, or (iv) a change in the New Profusa Board resulting in the incumbent directors ceasing to constitute at least a majority of the New Profusa Board over a 24 -monthperiod. Clawback of Awards The awards granted under the Equity Incentive Plan and any cash payment or shares of common stock delivered pursuant to an award are subject to forfeiture, recovery by New Profusa or other action pursuant to the applicable award agreement or any clawback or recoupment policy which New Profusa may adopt from time to time, including any such policy which New Profusa may be required to adopt under the Dodd -FrankWall Street Reform and Consumer Protection Act and implementing rules and regulations thereunder, or as otherwise required by law. Effective Date, Termination, Amendment and Repricing The Equity Incentive Plan will become effective as of the closing of the Business Combination and will terminate on the 10 thanniversary of the effective date of the Equity Incentive Plan, unless earlier terminated by the New Profusa Board. The New Profusa Board may amend the Equity Incentive Plan or any award agreement at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation, including any rule of the Nasdaq, or any other stock exchange on which the shares are then traded and provided that no amendment may be made that seeks to modify the non -employeedirector compensation limit under the Equity Incentive Plan or that materially impairs the rights of a holder of an outstanding award without the consent of such holder. The Equity Incentive Plan permits the following actions without stockholder approval: (i) reduction of the purchase price or base price of any option or SAR previously granted under the Equity In