Company: PFSA
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001213900-25-065686
Chunk: 46

Company: Profusa, Inc.
Filing Date: 2025-07-18
Form: 8-K
Chunk 46
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ows from the changes in operating assets and liabilities was primarily related to an increase in accounts
payable of $0.8 million and in accrued liabilities of $0.1 million and a decrease in prepaid expenses and other current assets of less
than $0.1 million.

Cash used in operating activities for
the three months ended March 31, 2024 of $0.7 million was primarily driven by our net loss of $2.2 million, adjusted for non-cash charges
of $1.1 million and net cash inflows of $0.4 million provided by changes in our operating assets and liabilities. Non-cash charges primarily
consisted of non-cash interest expense of $1.1 million, partially offset by change in the fair value of related party convertible loan
of less than $0.1 million. The main driver of the cash inflows from the changes in operating assets and liabilities was primarily related
to an increase in accounts payable of $0.1 million and in accrued liabilities of $0.3 million and a decrease in prepaid expenses and other
current assets of $0.1 million.

Financing Activities

Cash provided by financing activities
was $0.4 million for the three months ended March 31, 2025, which consisted primarily of net proceeds from the issuance of senior notes
of $0.8 million, offset by payment of deferred offering costs of $0.4 million.

Cash provided by financing activities
was $0.6 million for the three months ended March 31, 2024, which consisted primarily of net proceeds from the issuance of senior notes
of $0.7 million, an additional issuance of our Tasly Convertible Loan of less than $0.1 million, offset by payment of deferred offering
costs of $0.1 million.

Contractual Obligations

The following table
summarizes our contractual obligations as of March 31, 2025, and the years in which these obligations are due (in thousands):

|                               |     | Total |        |     | 2025 |        |     | Thereafter |   |
|:------------------------------|:----|:------|-------:|:----|:-----|-------:|:----|:-----------|:--|
| Convertible notes             |     | $     | 18,965 |     | $    | 18,965 |     | $          | — |
| Tasly convertible loan        |     |