Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 31

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 31
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ates that a public stockholder who tenders shares
for redemption in connection with the vote to approve the Extension Proposal would receive payment of the redemption price for such shares
soon after implementation of the Extension. The transfer agent will hold the certificates of public stockholders that make the election
until such shares are redeemed for cash or returned to such stockholders.

If properly demanded, the Company will redeem each public share for
a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest
shall be net of taxes payable), divided by the number of then outstanding public shares. Based upon the amount in or owed to the Trust
Account as of the record date, 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 $[ ].

If you exercise your redemption rights, you will be exchanging your
shares of the Company’s common stock for cash and will no longer own the shares. You will be entitled to receive cash for these
shares only if you properly demand redemption and tender your stock certificate(s) to the Company’s transfer agent prior to
5:00 p.m. Eastern Time on March 14, 2025 (two business days before the Special Meeting).

<div align='center'>24

UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS</div>

The following discussion is a summary of certain United States
federal income tax considerations for holders of our common stock with respect to the exercise of redemption rights in connection with
the approval of the Extension Proposal. This summary is based upon the Internal Revenue Code of 1986, as amended, which we refer to as
the “Code”, the regulations promulgated by the U.S. Treasury Department, current administrative interpretations and practices
of the Internal Revenue Service, which we refer to as the “IRS”, and judicial decisions, all as currently in effect and all
of which are subject to differing interpretations or to change, possibly with retroactive effect. No assurance can be given that the IRS
would not assert, or that a court would not sustain a position contrary to any of the tax considerations described below. This summary
does not discuss all aspects of United States federal income taxation that may be important to particular investors in light of their
individual circumstances,