Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 282

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 282
---
 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 $ million, respectively.

As of June 30, 2025, future minimum payments for the convertible notes payable were as follows (in thousands):

|                                 |     | Convertible 
 Notes       |        |   |     | Tasly       
 Convertible 
 Debt        |       |   |     | Senior 
 Notes  |        |   |
|:--------------------------------|:----|:------------|-------:|:--|:----|:------------|------:|:--|:----|