Company: PFSA
Filing Date: 2025-09-10
Form Type: PRE 14A
Source: 0001213900-25-086308
Chunk: 13

Company: Profusa, Inc.
Filing Date: 2025-09-10
Form: PRE 14A
Chunk 13
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 financing structures, and the availability of capital in current market conditions, the Board determined that the issuance of the PIPE Convertible Notes is advisable and in the best interests of the Company and its stockholders. Potential Effects of Non-Approval of this Proposal Failure to approve this Proposal would cap conversions under the PIPE Convertible Notes at the Exchange Cap unless the market price condition is satisfied. In that event, the Company may be required to seek alternative, potentially more expensive capital, curtail or delay strategic initiatives, and/or renegotiate financing terms to repay the PIPE Convertible Notes, any of which could materially and adversely affect the Company’s business, prospects, and stockholder value. Dilution If fully converted, the PIPE Investor would receive approximately 222,222,222shares of our common stock, representing our fully -dilutedshares outstanding as of the record date. Because the conversion price is based in part on market volume -weightedaverage price (“VWAP”) and is subject to downward adjustment, the actual number of shares issued could be greater, resulting in additional dilution to existing stockholders’ voting and economic interests. Further, the issuance of shares upon conversion could have an adverse impact on the market price of our common stock. Conversely, approval of this Proposal positions the Company to deploy capital to accelerate commercialization, strengthen the balance sheet, and pursue strategic initiatives, which the Board believes will create long -termstockholder value that outweighs the dilutive impact. Required Vote and Recommendation In accordance with our certificate of incorporation, as amended, and Delaware law, approval and adoption of this Proposal requires the affirmative vote of a majority of the total votes cast, in person or by proxy. As a result, abstentions and broker non -votes, if any, will not affect the outcome of the vote on this proposal. THE BOARD RECOMMENDS A VOTE “FOR” THE APPROVAL OF THE CONVERTIBLE NOTES PROPOSAL. 8 PROPOSAL NO. 2: PROPSAL TO INCREASE AUTHORIZED SHARES The Board is requesting stockholder approval of an amendment to the Company’s amended and restated Certificate of Incorporation to increase the Company’s authorized number of shares of common stock, par value $0.0001 per share (“Common Stock”), from 100,000,000shares to 500,000,000shares. The number of authorized shares of preferred stock, par value $0.0001 per share (“Preferred Stock”), will remain at 1,000,000shares. The current amended and restated