Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 376

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 376
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 not conditioned on the separate approval of the Governance Document Proposals (separate and apart from approval of the Charter Proposal). NorthView stockholders will be asked to approve, on a non -bindingadvisory basis, the following proposals related to the Governance Documents, which are being presented as separate sub -proposals(the “Governance Proposals”): Governance Proposal 3(A) — that, upon the consummation of the Business Combination, the Bylaws of NorthView (“Existing Bylaws”) be succeeded by the proposed new bylaws of New Profusa, a copy of which is attached to the accompanying proxy statement/prospectus as Annex E; Governance Proposal 3(B) — that the authorized capital of New Profusa will be (a) 300,000,000shares of common stock, par value $0.0001 per share, and (b) 5,000,000shares of preferred stock, par value $0.0001 per share; Governance Proposal 3(C) — that the New Profusa stockholders shall not be permitted to take action by written consent in lieu of a meeting as opposed to holding a stockholders meeting; Governance Proposal 3(D) — that certain provisions of the Proposed Charter will require the approval of the holders of at least 75% of New Profusa’s then -outstandingshares of capital stock entitled to vote on such amendments; Governance Proposal 3(E) — that New Profusa’s corporate existence will be perpetual, and to omit from the Proposed Charter the various provisions applicable only to special purpose acquisition companies; and Governance Proposal 3(F) — that, upon the consummation of the Business Combination, all other changes necessary or desirable in connection with the approval of the Proposed Charter and Proposed Bylaws as part of the Business Combination are approved. Reasons for the Governance Proposals In the judgment of the NorthView Board, the Governance Proposals are desirable for the following reasons: •the greater number of authorized number of shares of capital stock is desirable for New Profusa to have enough additional authorized shares for financing its business, for acquiring other businesses, for forming strategic partnerships and alliances and for stock dividends and stock splits and to issue upon exercise of the equity grants currently outstanding or made under the Equity Incentive Plan or ESPP (assuming they are approved at the Special Meeting); and •it is desirable to remove the provisions that relate to the operation of NorthView as a special purpose acquisition company because they would not be applicable after the Business Combination (such as