Company: PFSA
Filing Date: 2025-02-18
Form Type: PRE 14A
Source: 0001213900-25-014919
Chunk: 3

Company: Profusa, Inc.
Filing Date: 2025-02-18
Form: PRE 14A
Chunk 3
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 by March 22, 2025, we will dissolve and liquidate in accordance
with the amended and restated certificate of incorporation. Our Sponsor or its designees will have the sole discretion whether to continue
extending for additional calendar months until the Extended Date and if our Sponsor determines not to continue extending for additional
calendar months, its obligation to make additional contributions will terminate.

Our Board has fixed the close of business on February 21, 2025 as the
date for determining the Company stockholders entitled to receive notice of and vote at the Special Meeting and any adjournment thereof.
Only holders of record of the Company’s common stock on that date are entitled to have their votes counted at the Special Meeting
or any adjournment thereof.

Based upon the current amount in the Trust Account, the Company anticipates
that the per-share price at which public shares will be redeemed from cash held in the Trust Account will be approximately $12.19 at the
time of the Special Meeting. The closing price of the Company’s common stock on February 21, 2025 was $[ ]. The Company cannot assure
stockholders that they will be able to sell their shares of the Company in the open market, even if the market price per share is higher
than the redemption price stated above, as there may not be sufficient liquidity in its securities when such stockholders wish to sell
their shares.

You are not being asked to vote on the business combination at this time. If the Extension is implemented and you do not elect to redeem your public shares, provided that you are a stockholder on the record date for a meeting to consider the business combination, you will retain the right to vote on the business combination when it is submitted to stockholders and the right to redeem your public shares for cash in the event the business combination is approved and completed, or if we have not consummated a business combination by the Extended Date.

After careful consideration of all relevant factors, the Board has determined that the Extension Proposal and, if presented, the Adjournment Proposal are advisable and recommends that you vote or give instruction to vote “FOR” such proposals.

Enclosed is the Proxy Statement containing detailed information concerning
the Extension Proposal, the Trust Amendment, Proposal the Adjournment Proposal and the Special Meeting. Whether or not you plan to attend
the Special Meeting, we urge you to read this material carefully and vote your shares.

| March [  ], 2025 | By Order of the Board of Directors |
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