Company: PFSA
Filing Date: 2025-07-03
Form Type: PRE 14C
Source: 0001213900-25-061184
Chunk: 15

Company: Profusa, Inc.
Filing Date: 2025-07-03
Form: PRE 14C
Chunk 15
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 or agreement to which the corporation is a party or the disclosure set forth in any proxy
or consent solicitation statement, if and to the extent such failure would render such act or transaction void or voidable; or (ii) the
failure of the board of directors or any officer of the corporation to authorize or approve any act or transaction taken by or on behalf
of the corporation that would have required for its due authorization the approval of the board of directors or such officer.”

Defective corporate acts may be ratified upon
the approval of the Board and the majority of the Company’s stockholders, except that if the certificate of incorporation or bylaws
of the corporation then in effect or in effect at the time of the defective corporate act requires or required a larger number or portion
of stock. Our Charter may be interpreted to require that a supermajority of more than 65% of the holders entitled to vote approve the
ratification of the Consummation Activities. Section 204(d) further provides that notice of the stockholder action must be given at least
20 days before the date of the meeting, or the date of the written stockholder consent if in lieu of a meeting, at the address of such
holder as it appears or most recently appeared, as appropriate, on the records of the corporation.

Section 204 provides that any claim that the defective
corporate act ratified hereunder is void or voidable due to the failure of authorization, or that the Court of Chancery should declare
in its discretion that a ratification in accordance with section 204 not be effective or be effective only on certain conditions, must
be brought within 120 days from the applicable validation effective time, which is the Effective Date.

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Resolutions Adopted and Effective Date

On June 27, 2025, our Board and the Supermajority
Stockholders adopted and approved the following resolutions:

NOW, THEREFORE, BE IT RESOLVED, that
the Corporation’s consummation of the Extension Amendment is hereby ratified by the Board in accordance with DGCL Section 204.

RESOLVED, FURTHER, that the Board hereby
identifies the Extension Amendment as a failure of authorization.

RESOLVED, FURTHER, that the Board identifies
the date of such defective corporate action(s) as June 27, 2025.

RESOLVED, FURTHER, that the Board hereby
declares the execution and filing of the amendment to the amended