Company: PFSA
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001213900-25-065686
Chunk: 51

Company: Profusa, Inc.
Filing Date: 2025-07-18
Form: 8-K
Chunk 51
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 in determining independence, including the beneficial
ownership of our Common Stock by each non-employee director.

Committees of the Board of Directors

The standing committees of
Company’s Board consists of an Audit Committee, a Compensation Committee, and a Nominating Committee. The composition of each committee
following the Business Combination is set forth below.

Audit Committee

The Company’s Audit
Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Lauren Chung, Rajesh Asarpota
and Peter O’Rourke, each of whom is an independent director and is “financially literate” as defined under the Nasdaq
listing standards. Lauren Chung serves as chair of the Audit Committee. The Company’s Board has determined that each member of the
Audit Committee qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Compensation Committee

The Company’s Compensation
Committee consists of Rajesh Asarpota, Lauren Chung, and Peter O’Rourke, each of whom is an independent director under Nasdaq’s
listing standards, and Rajesh Asarpota serves as chair of the Compensation Committee.

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Nominating Committee

The Company’s Nominating
Committee consists of Peter O’Rourke, Jack Stover and Lauren Chung, each of whom is an independent director under Nasdaq’s
listing standards, and Peter O’Rourke serves as the chair of the Nominating Committee. The Nominating Committee is responsible for
overseeing the selection of persons to be nominated to serve on the Board. The Nominating Committee considers persons identified by its
members, management, shareholders, investment bankers and others.

Executive Officers

The following persons were
appointed to serve as the Company’s executive officers immediately following the Closing:

| Name                |     | Age |     | Position                                       |
| Ben C. Hwang, Ph.D. |     |  57 |     | Chairman of the Board; Chief Executive Officer |
| Fred Knechtel       |     |  64 |     | Chief Financial Officer                        |

In connection with the Closing,
each of the Company’s executive officers prior to the Closing other than Mr. Knechtel resigned from his or her respective position
as an executive officer of the Company, in each case effective as of the Closing.

Executive Compensation

The compensation of the Company’s
named executive officers who served before the consummation