Company: PFSA
Filing Date: 2025-02-18
Form Type: PRE 14A
Source: 0001213900-25-014919
Chunk: 17

Company: Profusa, Inc.
Filing Date: 2025-02-18
Form: PRE 14A
Chunk 17
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100% of the public shares of common stock in consideration of a per-share
price, payable in cash, equal to the quotient obtained by dividing (A) the aggregate amount then on deposit in the Trust Account,
including interest (net of taxes payable, less up to $100,000 of such net interest to pay dissolution expenses), by (B) the total
number of then outstanding public shares of common stock, which redemption will completely extinguish rights of public stockholders (including
the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible
following such redemption, subject to the approval of the remaining stockholders and the Board in accordance with applicable law, dissolve
and liquidate, subject in each case to the Company’s obligations under the DGCL to provide for claims of creditors and other requirements
of applicable law.

There will be no distribution from the Trust Account with respect to
the Company’s warrants, which will expire worthless in the event we wind up. In the event of a liquidation, our Sponsor, officers
and directors, and Anchor Investors will not receive any monies held in the Trust Account as a result of their ownership of the Founder
Shares and warrants.

If the Extension Proposal Is Approved

If the Extension Proposal is approved, the Company will file an amendment
to the charter with the Secretary of State of the State of Delaware in the form set forth in hereto to extend the
time it has to complete a business combination until the Extended Date. The Company will remain a reporting company under the Exchange Act
and its common stock and public warrants will remain publicly traded. The Company will then continue to work to consummate the business
combination by the Extended Date.

Notwithstanding stockholder approval of the Extension Proposal, our
Board will retain the right to abandon and not implement the Extension at any time without any further action by our stockholders.

If the Extension Proposal is approved, and the Extension Amendment
is implemented, each public stockholder may seek to redeem its public shares as described under “Redemption Rights,” below.
We cannot predict the amount that will remain in the Trust Account following any redemptions, and the amount remaining in the Trust Account
may be only a small fraction of the approximately $8.3 million that was in or owed to the Trust Account as of February 21, 2025. We will
not proceed with the Extension Amendment if (i) the NTA Amendment Proposal is not approved, and (ii