Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 296

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 296
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 (the “Covered Period”), the Company must begin to make equal monthly payments of principal and interest starting from the end of the Covered Period until May 25, 2026. Interest on the loan continues to accumulate during any deferment period. As of March 31, 2025, the Company has not applied for forgiveness under PPP Loan 2.

As of December 31, 2024 and March 31, 2025, the Company was in default on PPP Loan 2 due to non-payment of minimal repayment amounts required by the terms of PPP Loan 2. Accordingly, the Company classified the entire amount outstanding under PPP Loan 2 as current and accrued respective late penalties for the total amount of less than $ million as of March 31, 2025 and December 31, 2024, respectively. The total past due amount of PPP Loan 2 repayments as of March 31, 2025 and December 31, 2024 was $ million and $ million, respectively.

As of March 31, 2025, the contractual future minimum payments for the PPP Loan 2 were as follows (in thousands):

| Year Ending December 31, 
 2025 (remainder)         |     | Amount | 1,234 |
|:-------------------------|:----|:-------|------:|
| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,379 |

Note 6 — Commitments and Contingencies Operating Lease Obligations On August 1, 2022 the Company entered into a new lease agreement (the “Amended Lease”) whereby the Company agreed to rent its office and lab facilities under month -to-monthtenancy. The monthly rent payable under the Amended Lease was $ 25thousand. This month -to-monthlease ended in July 2024. Beginning in October 2024, the Company entered into a new lease agreement whereby the Company agreed to rent its office and lab facilities under month -to-monthtenancy. The monthly rent payable under the new lease is also $ 25thousand. This month -to-monthlease automatically renews every four months, unless written termination is provided. Operating costs for short -termleases and variable lease costs were $ 0.1million and less than $ 0.1million during the three months ended March 31, 2025 and 2024, respectively. The Company additionally recognized a total of $