Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 323

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 323
---
rued Liabilities (in thousands)

|                           |     | As of    
 June 30, 
 2025     |        |   |     | As of        
 December 31, 
 2024         |        |   |
|:--------------------------|:----|:---------|:-------|:--|:----|:-------------|:-------|:--|
| Accrued compensation      |     | $        | (4,090 | ) |     | $            | (3,472 | ) |
| Accrued other liabilities |     |          | (209   | ) |     |              | (496   | ) |
|                           |     | $        | (4,299 | ) |     | $            | (3,968 | ) |

Note 5 — Debt

The following table sets forth
a summary of the debt instruments and their changes during the six months ended June 31, 2025 and 2024 (in thousands):

|                                                  |     | Convertible 
 Notes       |        |     | Tasly       
 Convertible 
 Debt        |       |     | Senior 
 Notes  |        |     | Promissory 
 Notes      |     |     | PPP  
 Loan |       |
|:-------------------------------------------------|:----|:------------|-------:|:----|:------------|------:|:----|:-------|-------:|:----|:-----------|----:|:----|:-----|------:|
| Balance at January 1, 2025                       |     | $           | 18,419 |     | $           | 2,234 |     | $      | 25,268 |     | $          | 910 |     | $    | 1,376 |
| Issuance of debt                                 |     |             |      — |     |             |     — |     |        |  1,450 |     |            |   — |     |      |     — |
| Debt repayments                                  |     |             |      — |     |             |     — |     |        |      — |     |            |   — |     |      |     — |
| Change in fair value                             |     |             |      — |     |             |   118 |     |        |      — |     |            |   — |     |      |     — |
| Stated interest                                  |     |             |  1,