Company: PFSA
Filing Date: 2025-02-27
Form Type: PRER14A
Source: 0001213900-25-017608
Chunk: 15

Company: Profusa, Inc.
Filing Date: 2025-02-27
Form: PRER14A
Chunk 15
---
 currently believes that there will not be sufficient time
before March 22, 2025, to complete the Business Combination with Profusa. Accordingly, the Board believes that in order to be able to
consummate a business combination, we will need to obtain the Extension and that, without the Extension, we would be precluded from completing
a business combination and would be forced to liquidate even if our stockholders are otherwise in favor of consummating a business combination.

You are not being asked to vote on any business combination at this time. If the Extension is implemented and you do not elect to redeem your public shares, provided that you are a stockholder on the record date for a meeting to consider the business combination, you will be entitled to vote on the business combination when it is submitted to stockholders and will retain the right to redeem your public shares for cash in the event the business combination is approved and completed or we have not consummated a business combination by the Extended Date.

<div align='center'>15

PROPOSAL 1 — THE EXTENSION PROPOSAL</div>

Overview

The Company is proposing to amend its charter to extend the date by
which the Company has to consummate a business combination for up to three additional months at the election of the Company, ultimately
until as late as June 22, 2025 (the “Extended Date”), to allow the Company more time to complete its initial business combination
(the “Extension Proposal”).

The purpose of this proposal is to allow the Company additional time
to complete an initial business combination. The Board believes that, given the Company’s expenditure of time, effort and money
on finding a business combination, circumstances warrant providing public stockholders an opportunity to consider a business combination.

If the Extension Proposal is approved, commencing on or before March
22, 2025, our Sponsor, or its designees, in their sole discretion, may provide us with loans each month to extend monthly for up to three
additional months in the amount equal to the lesser of (a) $10,000, and (b) $0.04 for each redeemable public share that is not redeemed
in connection with this Special Meeting for each of the three subsequent calendar months commencing on March 22, 2025, that is needed
by us to complete an initial business combination. Assuming the Extension Proposal is approved, each monthly contribution will be deposited
in the Trust Account on or before the 22 day of such calendar month.

The contributions