Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 26

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 26
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ise tax would be payable by the Company,
and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could
cause a reduction in the cash available on hand to complete a business combination and in the Company’s ability to complete a business
combination.

If the NTA Amendment Proposal is not approved and implemented, the ability of the public stockholders to redeem their shares for cash could cause the Company’s net tangible assets to be less than $5,000,001, which would prevent the Company from consummating the Extension and an initial business combination.

NorthView’s charter prevents NorthView from redeeming public
shares to a level that would cause NorthView to have net tangible assets of less than$5,000,001 (the “NTA Requirement”).
The initial purpose of the NTA Requirement in the charter was to ensure that NorthView would not be subject to the “penny stock”
rules of the SEC, and to therefore not be deemed a “blank check company” as defined under Rule 419 of the Securities Act,
because it complied with the NTA Requirement.

The ability of the public stockholders to redeem their shares for cash
could cause NorthView’s net tangible assets to be less than $5,000,001. If the NTA Amendment Proposal is not approved and implemented,
the ability of the public stockholders to redeem their shares for cash could cause NorthView’s net tangible assets to be less than
$5,000,001, which would prevent NorthView from consummating the Extension and an initial business combination.

However, if the NTA Amendment Proposal is approved and if the net tangible
assets of the combined company following our initial business combination are less than $5,000,001 upon closing, any failure to meet the
initial listing requirements of Nasdaq could result in (i) the inability of the combined company to list the combined company’s
common stock and warrants on Nasdaq and (ii) the obligation to comply with the “penny stock” trading

rules. See “If the NTA Amendment Proposal is approved, any failure to meet the initial listing requirements of Nasdaq could result in an inability to list the combined company’s common stock and warrants on Nasdaq and the obligation to comply with the “penny stock” rules and could affect the combined company’s cash position following the closing of an initial business combination.”

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If the NTA Amendment Proposal is approved,