Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 484

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 484
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 but unpaid interest under the Tasly Convertible Debt into senior unsecured promissory notes on substantially the same terms as the outstanding Senior Notes as of December 31, 2023. In the event Profusa fails to complete the Merger, the lender will have an option to convert the entire outstanding balance and accrued but unpaid interest under the Tasly Convertible Debt into either (i) senior unsecured promissory notes on substantially the same terms as the outstanding Senior Notes as of December 31, 2023, or (ii) the Company’s common stock at a conversion price of $2.33 per share. Profusa elected to apply the fair value option to account for the Tasly Convertible Debt. Accordingly, no features of the Tasly Convertible Debt are bifurcated and separately accounted for. The fair value of the Tasly Convertible Debt was $1.003 million at issuance and $1.004 million as of December 31, 2023, respectively. Accrued stated interest on the Tasly Convertible Debt was less than $0.1 million for the year ended December 31, 2023. Equity Grants to Executive Officers and Directors Profusa has granted stock options to its executive officers and certain directors, as more fully described in the section titled “ Management of Profusa — Executive and Director Compensation of Profusa.” Director and Executive Officer Compensation Please see the section titled “ Management of Profusa — Executive and Director Compensation of Profusa” for information regarding the compensation of Profusa’s executive officers and directors. Severance Arrangements Profusa has entered into severance arrangements with certain of its executive officers. For more information regarding these agreements, see the section titled “ Management of Profusa — Executive and Director Compensation of Profusa — Additional Narrative Disclosure — Severance Arrangements.” Indemnification Agreements In connection with the Business Combination, New Profusa intends to enter into new indemnification agreements with each of New Profusa’s directors and executive officers that are not already party to indemnification agreements with New Profusa. The indemnification agreements, New Profusa’s amended and restated certificate of incorporation and New Profusa’s amended and restated bylaws will require New Profusa to indemnify its directors to the fullest extent not prohibited by Delaware law. Subject to certain limitations, New Profusa’s amended and restated bylaws also require it to advance expenses incurred by the combined company’s directors and officers. 278 DESCRIPTION OF NEW PROFUSA CAPITAL STOCK As a result of the