Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 470

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 470
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 provisions. Right to Receive Liquidation Distributions Upon New Profusa’s liquidation, dissolution or winding -up, the assets legally available for distribution to New Profusa’s stockholders would be distributable ratably among the holders of New Profusa Common Stock and any participating preferred stock outstanding at that time, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights of and the payment of liquidation preferences, if any, on any outstanding shares of preferred stock. Preferred Stock Pursuant to New Profusa’s amended and restated certificate of incorporation, New Profusa’s board of directors will be authorized, subject to limitations prescribed by Delaware law, to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series and to fix the designation, powers, preferences and rights of the shares of each series and any of its qualifications, limitations or restrictions, in each case without further vote or action by New Profusa’s stockholders. New Profusa’s board of directors can also increase or decrease the number of shares of any series of preferred stock, but not below the number of shares of that series then outstanding, without any further vote or action by New Profusa’s stockholders. New Profusa’s board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect 268 the voting power or other rights of the holders of New Profusa Common Stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring or preventing a change in New Profusa’s control and might adversely affect the market price of New Profusa Common Stock and the voting and other rights of the holders of our common stock. Anti-Takeover Provisions The provisions of the DGCL, New Profusa’s amended and restated certificate of incorporation and New Profusa’s bylaws could have the effect of delaying, deferring or discouraging another person from acquiring control of New Profusa. These provisions, which are summarized below, are expected to discourage certain types of coercive takeover practices and inadequate takeover bids and encourage persons seeking to acquire control of New Profusa to first negotiate with New Profusa’s board of directors. New Profusa believes that the benefits of increased protection of our potential ability to negotiate with an unfriendly or unsolicited acquirer outweigh the disadvantages of discouraging a proposal to acquire New Profusa because negotiation of these proposals could result in an improvement of their