Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 285

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 285
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 million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022).

April – June 2024 Senior Notes — During the months April through June 2024, the Company issued additional Senior Notes to investors with the principal amount of $ million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). Additionally, the Company repaid $ million of principal on Senior Notes with investors during the respective period.

January – March 2025 Senior Notes — During the months January through March 2025, the Company issued additional Senior Secured Convertible Notes to investors with the principal amount of $ million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). These notes were issued at the same % interest terms as all of their other Senior Secured Convertible Notes, and will convert into New Profusa shares at $ per share. These notes have an -month maturity, which will be accelerated and convert into New Profusa shares upon the successful closing of the business combination.

April – June 2025 Senior Notes — During the months April through June 2025, the Company issued additional Senior Secured Convertible Notes to investors with the principal amount of $ million issued on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). These notes were issued at the same % interest terms as all of their other Senior Secured Convertible Notes, and will convert into New Profusa shares at $ per share. These notes have an -month maturity, which will be accelerated and convert into New Profusa shares upon the successful closing of the business combination.

Additionally, the Company issued $ million in Senior Notes repayable upon the closing of the Business Combination which accrue interest at %.

Of the $ million of Senior Notes, $ million is outstanding with related parties and $ million is outstanding with unrelated parties as of June 30, 2025. Of the $ million of Senior Notes outstanding on December 31, 2024, $ million was outstanding with related parties and $ million was outstanding with unrelated parties.

The annual effective interest rate of Senior Notes was estimated from % to % and % to % per year for the six months ended June 30, 2025 and 2024, respectively. The interest expense for the three months ended June 30, 2025 and 2024 was $ million and $ million, respectively. The interest expense