Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 41

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 41
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 on December 27, 2024, due to our failure to complete an initial business combination within the timeframe required under Nasdaq
Rule IM-5101-2. If we redeem public shares below the current Redemption Limitation, we could face significant material adverse consequences,
including: (i) a limited availability of market quotations for our securities, (ii) reduced liquidity for our securities, (iii) a
determination that our public shares are “penny stocks” which will require brokers trading in our public shares to adhere
to more stringent rules, including being subject to the depository requirements of Rule 419 of the Securities Act, and possibly result
in a reduced level of trading activity in the secondary trading market for our securities, (iv) a decreased ability to issue additional
securities or obtain additional financing in the future, and (v) a less attractive acquisition vehicle to a target business in connection
with an initial Business Combination. The National Securities Markets Improvement Act of 1996, which is a federal statute, prevents
or preempts the states from regulating the sale of certain securities, which are referred to as “covered securities.” Upon
NorthView’s expected relisting on The Nasdaq Stock Market upon consummating the Business Combination, NorthView expects that the
combined company will again be able to rely on the Exchange Rule exclusion pursuant to Rule 3a51-1(a)(2).

Absent an exclusion from the “penny stock” rules, our securities
may not qualify as covered securities under such statute and we would be subject to regulation in each state in which we offer our securities.

Reasons for the Proposed NTA Amendment

If the NTA Amendment proposal is not approved, NorthView may not be
able to consummate its initial business combination. In the event the NTA Amendment is approved, then NorthView will not be required to
maintain minimum net tangible assets in order to complete a business combination.

Vote Required

Subject to the foregoing, the affirmative vote of at least 65% of NorthView’s
outstanding common stock, including the Founder Shares, will be required to approve the NTA Amendment proposal. Notwithstanding stockholder
approval of the NTA Amendment, our board will retain the right to abandon and not implement the NTA Amendment at any time without any
further action by our stockholders.

Only holders of record of NorthView Common Stock on the Record Date
are entitled to have their votes counted at the NorthView Special Meeting or any adjournment