Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 252

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 252
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million. This note was issued at the same % interest terms as all of their other Senior Convertible Notes, and has an -month maturity, which will be accelerated and converts into New Profusa shares upon the successful closing of the business combination. The Company repaid $million of principal on Senior Notes with investors during the respective period.

October-December2024 Senior Notes — During the months October through December 2024, the Company issued two Senior Secured Convertible Notes with a total principal amount of $million. These notes were issued at the same % interest terms as all of their other Senior Convertible Notes, and have an -month maturity, which will be accelerated and converted into New Profusa shares upon the successful closing of the business combination.

As of December31, 2024, the outstanding balance of senior notes totaled $million, of which $million is outstanding with related parties and $million is outstanding with unrelated parties.

The annual effective interest rate of Senior Notes was estimated from % to % and % to % per year for the years ended December 31, 2024 and 2023, respectively. The interest expense was $ million and $ million for the years ended December 31, 2024 and 2023.

As of December 31, 2024, future minimum payments for the convertible notes payable were as follows (in thousands):

|                                                 |     | Convertible 
 Notes       |        |   |     | Tasly       
 Convertible 
 Debt        |       |   |     | Senior 
 Notes  |        |   |
|:------------------------------------------------|:----|:------------|-------:|:--|:----|:------------|------:|:--|:----|:-------|-------:|:--|
| Total future principal payments                 |     | $           | 19,533 |   |     | $           | 1,998 |   |     | $      | 24,396 |   |
| Add: fair value remeasurement                   |     |             |      — |   |     |             |   333 |   |     |        |      — |   |
| Add (less): unamortized debt (premium) discount |     |             |     (2 | ) |     |             |     — |   |     |        |  2,055 |   |
| Less: interest                                  |     |             | (1,112 | ) |     |             |   (97 | ) |