Company: PFSA
Filing Date: 2025-07-03
Form Type: PRE 14C
Source: 0001213900-25-061184
Chunk: 13

Company: Profusa, Inc.
Filing Date: 2025-07-03
Form: PRE 14C
Chunk 13
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 as a sale of common stock, the Non-U.S.
Holder will be treated as receiving a distribution. In general, any distributions we make to a Non-U.S. Holder of shares of our common
stock, to the extent paid out of our current or accumulated earnings and profits (as determined under United States federal income tax
principles), will constitute dividends for U.S. federal income tax purposes and, provided such dividends are not effectively connected
with the Non-U.S. Holder’s conduct of a trade or business within the United States, we will be required to withhold tax from the
gross amount of the dividend at a rate of 30%, unless such Non-U.S. Holder is eligible for a reduced rate of withholding tax under an
applicable income tax treaty and provides proper certification of its eligibility for such reduced rate. Any distribution not constituting
a dividend will be treated first as reducing (but not below zero) the Non-U.S. Holder’s adjusted tax basis in its shares of our
common stock and, to the extent such distribution exceeds the Non-U.S. Holder’s adjusted tax basis, as gain realized from the sale
or other disposition of the common stock, which will be treated as described under “U.S. Federal Income Tax Considerations to Non-U.S.
Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Common Stock.” Dividends we pay to a Non-U.S. Holder
that are effectively connected with such Non-U.S. Holder’s conduct of a trade or business within the United States generally will
not be subject to United States withholding tax, provided such Non-U.S. Holder complies with certain certification and disclosure requirements.
Instead, such dividends generally will be subject to United States federal income tax, net of certain deductions, at the same graduated
individual or corporate rates applicable to U.S. Holders (subject to an exemption or reduction in such tax as may be provided by an applicable
income tax treaty). If the Non-U.S. Holder is a corporation, dividends that are effectively connected income may also be subject to a
“branch profits tax” at a rate of 30% (or such lower rate as may be specified by an applicable income tax treaty).

As previously noted above, the foregoing discussion of certain material U.S. federal income tax consequences is included for general information purposes only and is not intended to be, and should not be construed as, legal or tax advice to any stockholder. We once again urge you to consult with your own