Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 618

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 618
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. 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 $3.98 million for the Senior Notes issued to unrelated parties in its Statement of Operations for the year ended December 31, 2022 and it recognized $3.97 million 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 Notes to investors with the principal amount of $1.0 million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). March 2023 Senior Notes— In January, February and March 2023, the Company issued additional Senior Notes to investors with the principal amount of $1.6 million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). April 2023 Senior Notes— In April 2023, the Company issued additional Senior Notes to investors with the principal amount of $0.6 million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). October -December 2023 Senior Notes— During the months October through December 2023, the Company issued additional Senior Notes to investors with the principal amount of $1.1 million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). The annual effective interest rate of Senior Notes was estimated from 0% to 12.55% and 12.08% to 40.89% per year for the years ended December 31, 2023 and 2022, respectively. The interest expense was $1.8 million and 1.8 million for the years ended December 31, 2023 and 2022, which includes the amortization of debt discount and issuance costs of $0.0 million and $0.7 million, respectively. As of December 31, 2023 and 2022, the outstanding balance of senior notes includes related party senior notes of $8.2 million and $7.5 million, respectively. As of December 31, 2023, future minimum payments for the convertible notes payable were as follows