Company: PFSA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001213900-25-021270
Chunk: 8

Company: Profusa, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 8
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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 of our winding up. In the event of a liquidation, our Sponsor
and our officers and directors will not receive any monies held in the Trust Account as a result of their ownership of 4,743,750 Founder
Shares that were issued prior to our IPO. As a consequence, a liquidating distribution will be made only with respect to the public
shares.

The affirmative vote of at least 65% of the Company’s outstanding
shares of common stock, including the Founder Shares, will be required to approve the Extension Proposal and the Trust Amendment Proposal.
Notwithstanding stockholder approval of the Extension Proposal and the Trust Amendment Proposal, our Board will retain the right to abandon
and not implement the Extension Amendment at any time without any further action by our stockholders.

Approval of the Adjournment Proposal requires the affirmative vote
of the majority of the votes cast by stockholders represented in person or by proxy at the Special Meeting.

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If the Company liquidates, our Sponsor has agreed to indemnify us
to the extent any claims by a third party for services rendered or products sold to us, or any claims by a prospective target business
with which we have discussed entering into an acquisition agreement, reduce the amount of funds in the Trust Account to below (i) $10.10
per public share or (ii) such lesser amount per public share held in or owed to the Trust Account as of the date of the liquidation
of the Trust Account due to reductions in the value of the trust assets, in each case net of the interest which may be withdrawn to pay
taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to our Trust Account and except
as to any claims under our indemnity of the underwriters of our IPO against certain liabilities, including liabilities under the Securities
Act of 1933, as amended, which we refer to as the “Securities Act.” Moreover, in the event that an executed waiver
is deemed to be unenforceable against a third party, our Sponsor will not be responsible to the extent of any liability for such third
party claims. We cannot assure you, however, that our Sponsor would be able to satisfy those obligations. Based upon the current amount