Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 213

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 213
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vii) be available for consultation and direct communication if requested by major stockholders and (viii) perform such other duties as requested by the Board. While the Board has concluded that this leadership structure is appropriate for us at this time, the Nominating and Corporate Governance Committee will be charged with periodically reviewing the Board’s leadership structure. With the committee’s support, the Board will continue to regularly evaluate its leadership structure and may exercise its discretion to make changes designed to ensure an appropriate and effective framework of governance and accountability, taking into consideration the needs of our business and the long -terminterests of our 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. Our certificate of incorporation and bylaws authorize only our 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 our board of directors may have the effect of delaying or preventing changes in control. Independence of our Board of Directors Three (3) of our five (5) directors are independent directors and our Board consists of an independent audit committee, nominating committee and compensation committee. Peter O’Rourke, Rajesh Asorpota, and Lauren Chung are “independent directors,” as defined in Nasdaq listing standards and applicable SEC rules. Board Committees Audit Committee Our audit committee is responsible for, among other things: •appointing, compensating, retaining, evaluating, terminating and overseeing our independent registered public accounting firm; 136 •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. Our audit committee consists of Lauren Chung (Chair), Rajesh Asarpota and Peter O’Rourke each of whom qualify as independent directors according to