Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 342

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 342
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 Stock’s aggregate tax basis in the shares of New Profusa Common Stock received in the Merger would equal its fair market value at the time of Closing, and the U.S. holder of Profusa Common Stock’s holding period of such shares of New Profusa Common Stock would commence the day after Closing. Non -U .S. Holders of Profusa Common Stock The characterization for U.S. federal income tax purposes of the exchange by a Non -U.S. holder of Profusa Common Stock for New Profusa Common Stock in the Merger generally will correspond to the U.S. federal income tax characterization of such exchange by a U.S. holder, as described above. Any exchanging Non -U.S. holder of Profusa Common Stock will generally not be subject to U.S. federal income tax on any capital gain recognized as a result of the exchange unless one of the exceptions described below in “— Tax Consequences of Ownership and Disposition of New Profusa Common Stock Received by Holders of Profusa Common Stock in the Merger — Non -U .S. Holders” applies. Tax Consequences of Ownership and Disposition of New Profusa Common Stock Received by Holders of Profusa Common Stock in the Merger U.S. Holders Distributions on New Profusa Common Stock If New Profusa pays distributions to U.S. holders of shares of New Profusa Common Stock, such distributions generally will constitute dividends for U.S. federal income tax purposes to the extent paid from New Profusa’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. holder’s adjusted tax basis in New Profusa Common Stock. Any remaining excess will be treated as gain realized on the sale or other disposition of the common stock and will be treated as described below under “— Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of New Profusa Common Stock” below. Dividends New Profusa pays to a U.S. holder that is a taxable corporation generally will qualify for the dividends received deduction if the requisite holding period is satisfied. With certain exceptions (including, but not limited to, dividends treated as investment income for purposes of investment interest deduction limitations), and provided certain holding period requirements are met, dividends New Profusa pays to a non -corporateU.S. holder generally will constitute “qualified dividends” that will