Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 333

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 333
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 a meaningful reduction in a holder’s proportionate interest in us will depend on the particular facts and circumstances. However, the IRS 170 has indicated in a published ruling that even a small reduction in the proportionate interest of a small minority stockholder in a publicly held corporation where such stockholder exercises no control over corporate affairs may constitute such a “meaningful reduction.” If none of the foregoing tests is satisfied, then the redemption of shares of NorthView Common Stock will be treated as a corporate distribution to the redeemed holder, the tax effects to such a U.S. holder will be as described below under the section entitled “ U.S. Holders — Taxation of Redemption Treated as a Distribution,” and the tax effects to such a Non -U.S. holder will be as described below under the section entitled “ Non -U .S. Holders — Taxation of Redemption Treated as a Distribution.” After the application of those rules, any remaining tax basis of the holder in the redeemed NorthView Common Stock will be added to the holder’s adjusted tax basis in its remaining stock, or, if it has none, to the holder’s adjusted tax basis in its warrants or possibly in other stock constructively owned by it. Each holder should consult with its own tax advisors as to the tax consequences of a redemption. U.S. Holders This section applies to you if you are a U.S. holder of Northview Common Stock. Taxation of Redemption Treated as a Distribution.If a redemption of a U.S. holder’s shares of NorthView Common Stock is treated as a corporate distribution, as discussed above under the section entitled “ — Redemption of NorthView Common Stock,” the amount of cash received in the redemption generally will constitute a dividend for U.S. federal income tax purposes to the extent paid from NorthView’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of NorthView’s 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 its shares of NorthView Common Stock. Any remaining excess will be treated as gain realized on the sale of shares of NorthView Common Stock and will be treated as described below under the section entitled “— U.S. Holders — Taxation of Redemption Treated as a Sale of NorthView Common Stock.” Dividends NorthView pays to a U.S. holder that is a taxable corporation generally will qualify for the dividends received deduction