Company: PFSA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001213900-25-021270
Chunk: 39

Company: Profusa, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 39
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 vote “FOR” the approval of the Trust Amendment Proposal.

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PROPOSAL 3 — THE NTA AMENDMENT PROPOSAL</div>

This is a proposal (the “NTA Amendment Proposal”) to amend
the Current Charter to expand the methods that NorthView may employ to not become subject to the “penny stock” rules of the
Securities and Exchange Commission. All stockholders are encouraged to read the proposed modification to the Current Charter below.

The NTA Requirement

Section 9.2(a) of the Current Charter currently provides
the following:

“Prior to the consummation of the initial Business Combination,
the Corporation shall provide all holders of Offering Shares with the opportunity to have their Offering Shares redeemed upon the consummation
of the initial Business Combination pursuant to, and subject to the limitations of, and (such
rights of such holders to have their Offering Shares redeemed pursuant to such Sections, the “Redemption Rights”)
hereof for cash equal to the applicable redemption price per share determined in accordance with hereof
(the “Redemption Price”); provided, however, that the Corporation shall not redeem Offering Shares in an amount that would cause the Corporation, either before or immediately after, to have net tangible assets to be less than $5,000,001(such limitation hereinafter called the “Redemption Limitation”). Notwithstanding anything to the
contrary contained in this Amended and Restated Certificate, there shall be no Redemption Rights or liquidating distributions with respect
to any warrant issued pursuant to the Offering.”

The purpose of this provision was to ensure that, in connection with
its initial business combination, NorthView would continue, as it has since the IPO, to be not subject to the “penny stock”
rules of the SEC, and therefore not a “blank check company” as defined under Rule 419 of the Securities Act because
it complied with Rule 3a51-1(g)(1) (the “NTA Rule”).

NorthView is proposing to amend its Current Charter to modify the
NTA Requirement as follows:

“Prior to the consummation of the initial Business Combination,
the Corporation shall provide all holders of Offering Shares with the opportunity to have their Offering Shares redeemed upon the consummation
of the initial Business Combination pursuant to, and subject to the limitations of, and hereof
(such rights of such holders to have their Offering Shares redeemed pursuant to such Sections, the “Redemption Rights”)