Company: PFSA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001213900-25-021270
Chunk: 41

Company: Profusa, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 41
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emption Limitation.

NorthView’s securities were delisted from the Nasdaq Capital
Market 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