Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 353

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 353
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 NORTHVIEW’S STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE GOVERNANCE PROPOSALS. The existence of financial and personal interests of one or more of NorthView’s directors may result in a conflict of interest on the part of such director(s) between what he or they may believe is in the best interests of NorthView and its stockholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that stockholders vote for the proposals. In addition, NorthView’s directors, officers and initial stockholders have interests in the Business Combination that may conflict with your interests as a stockholder. See the section entitled “ The Business Combination Proposal — Interests of NorthView’s Directors, and Officers and Initial Stockholders in the Business Combination Proposal” for a further discussion of these considerations. 189 PROPOSAL 4 — THE NASDAQ PROPOSAL Under Nasdaq Rule 5635(a), stockholder approval is required prior to the issuance of securities in connection with the acquisition of another company if such securities are not issued in a public offering and (i) have, or will have upon issuance, voting power equal to or in excess of 20% of the voting power outstanding before the issuance of common stock (or securities convertible into or exercisable for common stock); or (ii) the number of shares of common stock to be issued is or will be equal to or in excess of 20% of the number of shares of common stock outstanding before the issuance of the stock or securities. Collectively, 23,544,088shares will be issued, will exceed 20% or more of the outstanding NorthView Common Stock and 20% or more of the voting power, in each case outstanding before the issuance of such shares in connection with the Business Combination. For purposes of complying with Rule 5635(a), (b) and (d) of the Nasdaq Stock Market Listing Rules, stockholders of NorthView are being asked to approve the issuance of up to 23,544,088. Terms of the Transaction See section entitled “ Proposal 1: The Business Combination Proposal — The Merger Agreement” for a description of the terms of the Business Combination Transaction. Under Nasdaq Rule 5635(b), stockholder approval is required when any issuance or potential issuance will result in a “change of control” of the issuer. Although Nasdaq has not adopted any rule on what constitutes a “change of control” for purposes of Rule 5635(b),