Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 664

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 664
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 and reviewing individuals qualified to serve as directors and recommending to the board of directors candidates for nomination
for election at the annual meeting of stockholders or to fill vacancies on the board of directors;

●developing,
recommending to the board of directors and overseeing implementation of our corporate governance guidelines;

●coordinating
and overseeing the annual self-evaluation of the board of directors, its committees, individual directors and management in the governance
of the company; and

●reviewing
on a regular basis our overall corporate governance and recommending improvements as and when necessary.

The nominating and corporate
governance committee is governed by a charter that complies with the rules of Nasdaq.

Director Nominations

Our nominating and corporate
governance committee will recommend to the board of directors candidates for nomination for election at the annual meeting of the stockholders.
The board of directors will also consider director candidates recommended for nomination by our stockholders during such times as they
are seeking proposed nominees to stand for election at the next annual meeting of stockholders (or, if applicable, a special meeting of
stockholders).

We have not formally established
any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying
and evaluating nominees for director, the board of directors considers educational background, diversity of professional experience, knowledge
of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.
Prior to our initial business combination, holders of our public shares will not have the right to recommend director candidates for nomination
to our board of directors.

Code of Ethics

We have adopted a Code of
Ethics applicable to our directors, officers and employees. We have filed a copy of our form of Code of Ethics and our audit committee
charter as exhibits to the registration statement we filed in connection with our initial public offering. You are able to review these
documents by accessing our public filings at the SEC’s website at www.sec.gov. In addition, a copy of the Code of Ethics
will be provided without charge upon request from us. We intend to disclose any amendments to or waivers of certain provisions of our
Code of Ethics in a Current Report on Form 8-K.

54

Conflicts of Interest

Each of our officers and directors
presently has, and any of them in the future may have additional, fiduciary or contractual obligations to another entity pursuant to which
such officer or director is or