Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 304

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 304
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 April through June 2024, the Company issued additional Senior Notes to
investors with the principal amount of $ million on substantially the same terms as the Senior Notes issued in 2022 (as amended
in November 2022). Additionally, the Company repaid $ million of principal on Senior Notes with investors during the respective
period.

January – March 2025 Senior Notes — During the months January through March 2025, the Company issued additional Senior Secured
Convertible Notes to investors with the principal amount of $ million on substantially the same terms as the Senior Notes issued
in 2022 (as amended in November 2022). These notes were issued at the same % interest terms as all of their other Senior Secured
Convertible Notes, and will convert into New Profusa shares at $ per share. These notes have an -month maturity, which will be accelerated
and convert into New Profusa shares upon the successful closing of the business combination.

April – June 2025 Senior Notes — During the months April through June 2025, the Company issued additional Senior Secured Convertible
Notes to investors with the principal amount of $ million issued on substantially the same terms as the Senior Notes issued in
2022 (as amended in November 2022). These notes were issued at the same % interest terms as all of their other Senior Secured Convertible
Notes, and will convert into New Profusa shares at $ per share. These notes have an -month maturity, which will be accelerated and
convert into New Profusa shares upon the successful closing of the business combination.

Additionally, the Company issued
$ million in Senior Notes repayable upon the closing of the Business Combination which accrue interest at %.

Of the $ million of
Senior Notes, $ million is outstanding with related parties and $ million is outstanding with unrelated parties as of
June 30, 2025. Of the $ million of Senior Notes outstanding on December 31, 2024, $ million was outstanding
with related parties and $ million was outstanding with unrelated parties.

The annual effective interest
rate of Senior Notes was estimated from % to % and % to % per year for the six months ended June 30, 2025 and 2024,
respectively. The interest expense for the three months ended June 30, 2025 and 2024 was $ million and $ million,
respectively. The interest expense for the six months ended June 30, 2025 and 2024 was $ million and