Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 37

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 37
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 U.S. federal income tax purposes and, provided
such dividends are not effectively connected with the Non-U.S. Holder’s conduct of a trade or business within the
United States, we will be required to withhold tax from the gross amount of the dividend at a rate of 30%, unless such
Non-U.S. Holder is eligible for a reduced rate of withholding tax under an applicable income tax treaty and provides proper
certification of its eligibility for such reduced rate. Any distribution not constituting a dividend will be treated first as
reducing (but not below zero) the Non-U.S. Holder’s adjusted tax basis in its shares of our common stock and, to the
extent such distribution exceeds the Non-U.S. Holder’s adjusted tax basis, as gain realized from the sale or other
disposition of the common stock, which will be treated as described under “U.S. Federal Income Tax Considerations to
Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Common Stock.”
Dividends we pay to a Non-U.S. Holder that are effectively connected with such Non-U.S. Holder’s conduct of a trade
or business within the United States generally will not be subject to United States withholding tax, provided such
Non-U.S. Holder complies with certain certification and disclosure requirements. Instead, such dividends generally will be
subject to United States federal income tax, net of certain deductions, at the same graduated individual or corporate rates
applicable to U.S. Holders (subject to an exemption or reduction in such tax as may be provided by an applicable income tax
treaty). If the Non-U.S. Holder is a corporation, dividends that are effectively connected income may also be subject to a
“branch profits tax” at a rate of 30% (or such lower rate as may be specified by an applicable income tax treaty).

As previously noted above, the foregoing discussion of certain material U.S. federal income tax consequences is included for general information purposes only and is not intended to be, and should not be construed as, legal or tax advice to any stockholder. We once again urge you to consult with your own tax adviser to determine the particular tax consequences to you (including the application and effect of any U.S. federal, state, local or foreign income or other tax laws) of the receipt of cash in exchange for shares redeemed in connection with the Extension Proposal.

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PROPOSAL 2 — THE