Company: PFSA
Filing Date: 2025-02-18
Form Type: PRE 14A
Source: 0001213900-25-014919
Chunk: 26

Company: Profusa, Inc.
Filing Date: 2025-02-18
Form: PRE 14A
Chunk 26
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 for cash
could cause NorthView’s net tangible assets to be less than $5,000,001. If the NTA Amendment Proposal is not approved and implemented,
the ability of the public stockholders to redeem their shares for cash could cause NorthView’s net tangible assets to be less than
$5,000,001, which would prevent NorthView from consummating the Extension and an initial business combination.

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However, if the NTA Amendment Proposal is approved and if the net tangible
assets of the combined company following our initial business combination are less than $5,000,001 upon closing, any failure to meet the
initial listing requirements of Nasdaq could result in (i) the inability of the combined company to list the combined company’s
common stock and warrants on Nasdaq and (ii) the obligation to comply with the “penny stock” trading

rules. See “If the NTA Amendment Proposal is approved, any failure to meet the initial listing requirements of Nasdaq could result in an inability to list the combined company’s common stock and warrants on Nasdaq and the obligation to comply with the “penny stock” rules and could affect the combined company’s cash position following the closing of an initial business combination.”

If the NTA Amendment Proposal is approved, any failure to meet the initial listing requirements of Nasdaq could result in an inability to list the combined company’s common stock and warrants on Nasdaq and the obligation to comply with the “penny stock” rules and could affect the combined company’s cash position following the closing of an initial business combination.

The NTA Requirement in the charter of NorthView prevents NorthView
from redeeming public shares to the extent that it would cause NorthView’s net tangible assets to be less than $5,000,001. The initial
purpose of the NTA Requirement in the charter was to ensure that NorthView would not be subject to the “penny stock” rules
of the SEC, and to therefore not be deemed a “blank check company” as defined under Rule 419 of the Securities Act, because
it complied with the NTA Requirement.

However, if the NTA Amendment Proposal is approved and if the net tangible
assets of the combined company (following our initial business combination) are less than $5,000,001 upon closing, the combined company’s
failure to meet the initial listing requirements of Nasdaq could result in (i) the inability of the combined company to list the common
stock