Company: PFSA
Filing Date: 2025-03-18
Form Type: DEFA14A
Source: 0001213900-25-024797
Chunk: 3

Company: Profusa, Inc.
Filing Date: 2025-03-18
Form: DEFA14A
Chunk 3
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 All funds in the Company’s trust account, including those funds deposited in connection
with the Revised Contribution Amount, will be held in an interest-bearing demand deposit account at a bank until the earlier of the consummation
of the Company’s initial business combination or liquidation. The Revised Contribution Amount will be deposited in the Company’s
trust account promptly at the beginning of the Extension Period.

Waiver of Dissolution Expenses from Trust Account Interest

The
Company also announced that is has agreed to waive its right to withdraw up to $100,000 of interest from the Company’s trust account
to pay dissolution expenses, should the Company ultimately liquidate prior to a business combination (the “Dissolution Expense Waiver”).
As a result, the Company will not be able to withdraw up to $100,000 of interest for such dissolution expenses upon liquidation, and such
interest will be held in the trust account and no be released until the earliest to occur of (i) the completion of the initial business
combination, (ii) the redemption of 100% of the Offering Shares (as defined below) if the Company is unable to complete its initial
Business Combination within the Extension, and (iii) the redemption of Public Shares in connection with a vote seeking to amend the
provisions of our Charter.

Waiver of Tax Withdrawals from Trust Account Interest

The
Company also announced that is has agreed to waive its right to withdraw interest from the Company’s trust account to pay the Company’s
tax expenses (the “Tax Expense Waiver”). As a result, the Company will not be able to withdraw interest in order to pay future
tax expenses, and such interest will be held in the trust account and not be released until the earliest to occur of (i) the completion
of the initial business combination, (ii) the redemption of 100% of the Offering Shares (as defined below) if the Company is unable
to complete its initial Business Combination within the Extension, and (iii) the redemption of Public Shares in connection with a
vote seeking to amend the provisions of our Charter.

Prior
to such announcement, and subsequent to the record date of February 21, 2025, for the Special Meeting, the Company withdrew approximately
$23,400 of interest from the trust account for tax expenses. As a result, the current estimate for the per share redemption price from
the Company’s trust account is $12.20, prior to any contribution for the Extension Period.

A
revised version