Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 497

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 497
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usa’s business and the long -terminterests of New Profusa’s stockholders. Each director’s term continues until the election and qualification of his or her successor, or his or her earlier death, resignation or removal. New Profusa’s certificate of incorporation and bylaws to be in effect upon the completion of the Business Combination will authorize only New Profusa’s board of directors to fill vacancies on the board of directors. Any increase or decrease in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist of one -thirdof the directors. This classification of New Profusa’s board of directors may have the effect of delaying or preventing changes in control of New Profusa. Independence of our Board of Directors New Profusa currently expects that upon consummation of the Business Combination, three (3) of its five (5) directors will be independent directors and New Profusa’s Board will have an independent audit committee, nominating committee and compensation committee. We anticipate that Peter O’Rourke, Rajesh Asorpota, and Lauren Chung will be “independent directors,” as defined in Nasdaq listing standards and applicable SEC rules. 288 Board Committees Audit Committee Our audit committee will be responsible for, among other things: •appointing, compensating, retaining, evaluating, terminating and overseeing our independent registered public accounting firm; •discussing with our independent registered public accounting firm their independence from management; •reviewing, with our independent registered public accounting firm, the scope and results of their audit; •approving all audit and permissible non -auditservices to be performed by our independent registered public accounting firm; •overseeing the financial reporting process and discussing with management and our independent registered public accounting firm the annual financial statements that we file with the SEC; •overseeing our financial and accounting controls and compliance with legal and regulatory requirements; •reviewing our policies on risk assessment and risk management; •reviewing related person transactions; and •establishing procedures for the confidential anonymous submission of concerns regarding questionable accounting, internal controls or auditing matters. Upon consummation of the Business Combination, we anticipate that New Profusa’s audit committee will consist of Lauren Chung (Chair), Rajesh Asarpota and Peter O’Rourke each of whom will qualify as independent directors according to the rules and regulations of the SEC and Nasdaq with respect to audit committee membership. In addition, all of the audit committee members will meet the requirements for financial literacy under applicable SEC and Nasdaq rules and