Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 479

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 479
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ows of $2.4 million provided by changes in our operating assets and liabilities. Non -cashcharges primarily consisted of non -cashinterest expense of $4.4 million, and the change in the fair value of related party convertible loan of $0.3 million. The main drivers of the cash inflows from the changes in operating assets and liabilities was primarily related to an increase in accounts payable of $0.6 million and an increase accrued liabilities of $1.7 million, along with an increase in prepaid expenses and other current assets of $0.1 million. Cash used in operating activities for the year ended December31, 2023 of $4.4 million was primarily driven by our net loss of $10.3 million, adjusted for non -cashcharges of $4.3 million and net cash inflows of $1.6 million provided by changes in our operating assets and liabilities. Non -cashcharges primarily consisted of non -cashinterest expense of $4.3 million, partially offset by change in the fair value of related party convertible loan of $0.02 million. The main drivers of the cash inflows from the changes in operating assets and liabilities was primarily related to an increase in accounts payable of $0.5 million and an increase accrued liabilities of $1.1million, along with an increase in prepaid expenses and other current assets of $0.1 million. Financing Activities Cash provided by financing activities was $2.1 million for the year ended December31, 2024, which consisted primarily of net proceeds from the issuance of senior notes of $3.2million, an additional issuance of our Tasly Convertible Loan of less than $0.1 million, offset by payment of deferred offering costs of $1.0 million and repayment of senior notes $0.2 million. Cash provided by financing activities was $4.5 million for the year ended December31, 2023, which consisted primarily of net proceeds from the issuance of senior notes of $3.2 million, issuance of our September 2023 Convertible Loan of $1.6 million and issuance of promissory notes of $0.4 million, and proceeds from the issuance of common stock upon exercise of stock options of $0.02million, offset by payment of deferred offering costs of $0.6 million and repayment of related party promissory notes of $0.2million. Contractual Obligations The following table summarizes our contractual obligations as of December31, 2024, and