Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 319

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 319
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 and New Profusa is the successor SEC registrant, meaning that Profusa’s financial statements for previous periods will be disclosed in the registrant’s future periodic reports filed with the SEC. As of June 30, 2025, the Company had outstanding Profusa Preferred Stock of 17,863,934shares, common stock of 6,984,666shares which are made up of 5,604,651common shares outstanding and 1,380,015shares of common stock from in-substance nonrecourse promissory notes, and fully vested options outstanding and exercisable of 2,364,814shares. These shares were fully converted at the completion of the Business Combination. Additionally, as of June 30, 2025, the Convertible Notes of $ 19.5million and Senior Convertibles Notes of $ 27.9million were converted in full at the closing of the Business Combination. From June 30, 2025 through the closing of the Business Combination, options continued to vest on normal vesting schedules, and interest continued to accrue on the notes. Upon completing the Business Combination on July 11, 2025, all outstanding Profusa Preferred Stock of 17,863,934shares, common stock of 6,984,666shares, were converted into New Profusa at an exchange ratio of .3459 for 6,178,315shares from Profusa Preferred Stock, and 2,415,67shares of Common Stock of which 1,938,392were from common shares outstanding and 477,284were from common shares issued from the in-substance nonrecourse promissory notes. Additionally, 2.3million outstanding options which were vested or expected to vest were rolled over from Profusa into New Profusa outstanding options at an exchange rate of .3459. In addition, the following convertible notes were converted into New Profusa Common Stock based on the principal and accrued interest as of July 11, 2025. Convertible Notes with an outstanding balance of $ 19.6million in principal and accrued interest converted into 2,801,697shares of New Profusa at $ 7.00/share, Senior Convertible Notes with an outstanding balance of $ 20.8million in principal and accrued interest converted into 5,189,138shares of New Profusa at $ 4.00/share, Senior Convertible Bridge Notes of $ 3.1million in principal and accrued interest were repaid in cash in