Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 250

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 250
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 common stock as determined pursuant to the Definitive Qualified Agreement; provided, that, if such conversion price per share of the common stock is greater than $ 4.00, then such conversion price shall be deemed to be $ 4.00per share. This 2022 amendment was accounted for as debt extinguishment resulting in $ 8.8million debt extinguishment loss recognized in loss on debt extinguishment, net in the statements of operations. The optional conversion upon a Qualified Financing and Qualified conversion option represents embedded features that are required to be bifurcated and accounted for separately as a combined single derivative instrument initially and subsequently measured at fair value with the change in the gain (loss) on change in the fair value of derivative liabilities in the statements of operations. October 2022 Senior Notes— In September and October 2022, the Company issued an additional Senior Notes to existing investors with the principal amount of $ 1.3million on substantially the same terms as the Senior Notes issued in 2022 (as amended in September 2022). Senior Notes November 2022 Amendment On November 3, 2022, all Senior Notes were amended as follows: 1) all unpaid interest and principal shall be due and payable on the date which is fivebusiness days after the termination of the Merger prior to the occurrence of the Merger closing, 2) automatic conversion to SPAC shares of at then outstanding all notes and accrued interest upon the Merger at $ 4.00per share was introduced, 3) upon consummation of the Merger, all noteholders will have a right to receive additional shares upon achievement by the combined company of certain share price and sales milestones (the earnout shares) (the “November 2022 Senior Notes Amendment”). The November 2022 Senior Notes Amendment represented a TDR. Since the total future undiscounted cash flows under Senior Notes were less than their outstanding principal amount and unpaid accrued interest plus fair value of the bifurcated derivative immediately before November 2022 Senior Notes Amendment, the Company recognized TDR gain of $ 3.98million for the Senior Notes issued to unrelated parties in its Statement of Operations for the year ended December 31, 2022 and it recognized $ 3.97million in Additional Paid -inCapital for the year ended December 31, 2022 for the Senior Notes issued to related parties. December 2022 Senior Notes— In November and December 2022, the Company issued additional Senior