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

Company: Profusa, Inc.
Filing Date: 2025-09-10
Form: PRE 14A
Chunk 14
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 Certificate of Incorporation was most recently amended in July 2025 pursuant to an amendment adopted by our stockholders, and the authorized number of shares of common stock has not been increased since that time. The text of the proposed amendment is set forth on Appendix A to this Proxy Statement. The additional common stock to be authorized by adoption of the amendment would have rights identical to the currently outstanding common stock of the Company. Adoption of the proposed amendment would not affect the rights of the holders of currently outstanding common stock of the Company, except for effects incidental to increasing the number of shares of the Company’s common stock available for future issuance, which would result in dilution of the earnings per share and voting rights of current holders of common stock. If the amendment is adopted, it will become effective upon filing of a Certificate of Amendment to the Company’s amended and restated Certificate of Incorporation with the Secretary of State of the State of Delaware. Although, at present, the Board has no other plans to issue the additional shares of common stock, it desires to have the shares available to provide additional flexibility to use its capital stock for business and financial purposes in the future. The additional shares may be used for various purposes without further stockholder approval. These purposes may include raising capital, providing equity incentives to employees, officers or directors, and establishing strategic relationships with other companies. Rationale for the Increase Since the date on which our Certificate of Incorporation was last amended, the Company has completed its business combination with Profusa, Inc., initiated a $22,222,222 senior secured convertible note facility, entered into a committed equity line of credit (“ELOC”) with Ascent Partners Fund LLC for up to $100,000,000, and adopted a new 2025 Equity Incentive Plan. These corporate initiatives, along with the Company’s strategic objective to pursue future financings, acquisitions, and other growth transactions, will require significant additional equity capacity. Based on the share reserves necessary for (i) conversion of the Initial Note and any additional convertible notes issued pursuant to the PIPE Subscription Agreement, (ii) the issuance of up to 8,070,830 Purchase Shares and 900,000 Commitment Warrant Shares under the ELOC, (iii) the issuance of up to 3,875,000 Milestone Earn -OutShares, (iv) the potential cashless exercises of outstanding publicly -tradedwarrants, and (v) future grants under the 2025 Equity Incentive Plan and the Employee Stock Purchase Plan, the Company