Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 173

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 173
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 related party Tasly convertible debt |     |                |    (57 | ) |     |      |    (15 | ) |     |        |  (42 | ) |     |   |  280 | %  |
| Interest expense                                                         |     |                | (1,289 | ) |     |      | (1,081 | ) |     |        | (208 | ) |     |   |   19 | %  |
| Other income (expense)                                                   |     |                |      1 |   |     |      |      1 |   |     |        |    — |   |     |   |    0 |    |
| Total other expense, net                                                 |     |                | (1,345 | ) |     |      | (1,095 | ) |     |        | (250 | ) |     |   |   23 | %  |
| Net loss                                                                 |     |              $ | (2,348 | ) |     |    $ | (2,071 | ) |     | $      | (277 | ) |     |   |   13 | %  |

Revenue— Grant
revenue was recognized in 2024, while no grant revenue was recognized in 2025 while the Company focused on the closing on the Merger transaction.

Research and Development— Research
and development expenses remained constant and decreased by $39 thousand or 9% during the three months ended June 30, 2025 due
to a reduction in research studies.

General and Administrative— General
and administrative expenses increased by $41 thousand million, or 7%, to $610 thousand during the three months ended June 30,
2025 from $569 thousand during the three months ended June 30, 2024. The increase was driven primarily by the increase in accounting
costs as a result of increased audit and accounting fees.

Loss on Change in the Fair Value of the Tasly Convertible Loans— Loss on change in the fair value of the Tasly Convertible Loan was less than
$0.1 million during the three months ended June 30, 2025. The loss during the three months ended June 30, 2025
was driven by the remeasurement of the Tasly Convertible Loans.

Interest Expense— Interest
expense increased by $0.2 million to $1.3 million during the three months ended June 30, 2025 from $1.1