Company: PFSA
Filing Date: 2025-02-18
Form Type: PRE 14A
Source: 0001213900-25-014919
Chunk: 16

Company: Profusa, Inc.
Filing Date: 2025-02-18
Form: PRE 14A
Chunk 16
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whether or not the Extension Proposal is approved, upon consummation of an initial business combination or in connection with the winding
up of the Company. See “Redemption Rights” below.

Reasons for the Extension Proposal

The Company’s charter provides that the Company has until March
22, 2025, to complete the purposes of the Company, including effecting a business combination under its terms. The purpose of the Extension
Amendment is to allow the Company more time to complete Business Combination contemplated by that certain Merger Agreement by and among
NorthView, Merger Sub, and Profusa.

The Company’s charter provides that the affirmative vote of the
holders of at least 65% of all outstanding shares of common stock, including the Founder Shares, is required to amend the charter to extend
our corporate existence, except in connection with, and effective upon, consummation of a business combination. Because we continue to
believe that a business combination would be in the best interests of our stockholders, and because we do not expect to be able to conclude
a business combination before March 22, 2025, the Board has determined to seek stockholder approval to extend the date by which we have
to complete a business combination until the Extended Date. We intend to hold another stockholder meeting prior to 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