Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 17

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 17
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 the Extended Date in
order to seek stockholder approval of the business combination.

We believe that the foregoing charter provision was included to protect
Company stockholders from having to sustain their investments for an unreasonably long period if the Company failed to find a suitable
business combination in the timeframe contemplated by the charter. We also believe that, given the Company’s expenditure of time,
effort and money on finding a business combination with respect to the business combination, circumstances warrant providing public stockholders
an opportunity to consider a business combination.

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If the Extension Proposal Is Not Approved

If the Extension Proposal is not approved, we will not amend our charter
to extend the deadline for effecting a business combination. If that deadline is not extended, it is highly unlikely that we will consummate
a business combination by March 22, 2025. If we have not consummated the business combination by March 22, 2025, we will (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days
thereafter subject to lawfully available funds therefor, redeem 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