Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 9

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 9
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 certain liabilities, including liabilities under the Securities
Act of 1933, as amended, which we refer to as the “Securities Act.” Moreover, in the event that an executed waiver
is deemed to be unenforceable against a third party, our Sponsor will not be responsible to the extent of any liability for such third
party claims. We cannot assure you, however, that our Sponsor would be able to satisfy those obligations. Based upon the current amount
in the Trust Account, we anticipate that the per-share price at which public shares will be redeemed from cash held in the Trust Account
will be approximately $12.19. Nevertheless, the Company cannot assure you that the per-share distribution from the Trust Account, if the
Company liquidates, will not be less than $10.10, plus interest, due to unforeseen claims of creditors.

Under the DGCL, stockholders may be held liable for claims by third
parties against a corporation to the extent of distributions received by them in a dissolution. If the corporation complies with certain
procedures set forth in Section 280 of the DGCL intended to ensure that it makes reasonable provision for all claims against it,
including a 60-day notice period during which any third-party claims can be brought against the corporation, a 90-day period during which
the corporation may reject any claims brought, and an additional 150-day waiting period before any liquidating distributions are made
to stockholders, any liability of stockholders with respect to a liquidating distribution is limited to the lesser of such stockholder’s
pro rata share of the claim or the amount distributed to the stockholder, and any liability of the stockholder would be barred after the
third anniversary of the dissolution.

Because the Company will not be complying with Section 280 of
the DGCL, Section 281(b) of the DGCL requires us to adopt a plan, based on facts known to us at such time that will provide
for our payment of all existing and pending claims or claims that may be potentially brought against us within the 10 years following
our dissolution. However, because we are a blank check company, rather than an operating company, and our operations have been limited
to searching for prospective target businesses to acquire, the only likely claims to arise would be from our vendors (such as lawyers
or investment bankers) or prospective target businesses.

If the Extension Proposal and the Trust Amendment Proposal are approved,
the Company, pursuant to the terms of the Trust Agreement, will