Company: PFSA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001213900-25-021270
Chunk: 24

Company: Profusa, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 24
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 non-controlling investments
in sensitive U.S. businesses and certain acquisitions of real estate even with no underlying U.S. business. FIRRMA, and subsequent
implementing regulations that are now in force, also subjects certain categories of investments to mandatory filings. If our potential
initial business combination with a U.S. business falls within CFIUS’s jurisdiction, we may determine that we are required
to make a mandatory filing or that we will submit a voluntary notice to CFIUS, or to proceed with the initial business combination without
notifying CFIUS and risk CFIUS intervention, before or after closing the initial business combination. CFIUS may decide to block or delay
our initial business combination, impose conditions to mitigate national security concerns with respect to such initial business combination
or order us to divest all or a portion of a U.S. business of the combined company without first obtaining CFIUS clearance, which
may limit the attractiveness of or prevent us from pursuing certain initial business combination opportunities that we believe would
otherwise be beneficial to us and our shareholders. As a result, the pool of potential targets with which we could complete an initial
business combination may be limited and we may be adversely affected in terms of competing with other special purpose acquisition companies
which do not have similar foreign ownership issues.

Moreover, the process of government review, whether by the CFIUS or
otherwise, could be lengthy and we have limited time to complete our initial business combination. If we cannot complete our initial
business combination by March 22, 2025, or such later date that may be approved by our shareholders, such as the Extended Date, because
the review process extends beyond such timeframe or because our initial business combination is ultimately prohibited by CFIUS or another
U.S. government entity, we may be required to liquidate. If we liquidate, our public shareholders may only receive $10.10 per share,
without taking into account any interest earned on IPO proceeds held in the Trust Account, and our warrants will expire worthless. This
will also cause you to lose the investment opportunity in a target company, and the chance of realizing future gains on your investment
through any price appreciation in the combined company.

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A 1% U.S. federal excise tax could be imposed on the Company in connection with redemptions by Company of its shares in connection with a business combination or other stockholder vote pursuant to which stockholders would have a right to submit their