Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 280

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 280
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 | (3,472 | ) |     | $            | (1,960 | ) |
| Accrued other liabilities |     |              | (496   | ) |     |              | (391   | ) |
|                           |     | $            | (3,968 | ) |     | $            | (2,351 | ) |

Note 5 — Debt

The following table sets forth
a summary of the debt instruments (which are all classified as current liabilities in the accompanying consolidated balance sheets and
their changes during the years ended December 31, 2024 and 2023 (in thousands):

|                                                  |     | Convertible 
 Notes       |        |     | Tasly       
 Convertible 
 Debt        |       |     | Senior 
 Notes  |        |   |     | Promissory 
 Notes      |      |   |     | PPP  
 Loan |       |
|:-------------------------------------------------|:----|:------------|-------:|:----|:------------|------:|:----|:-------|-------:|:--|:----|:-----------|-----:|:--|:----|:-----|------:|
| Balance at January 1, 2023                       |     | $           | 13,981 |     | $           |     — |     | $      | 15,149 |   |     | $          |  576 |   |     | $    | 1,326 |
| Issuance of debt                                 |     |             |      — |     |             | 1,600 |     |        |  3,235 |   |     |            |  375 |   |     |      |     — |
| Debt repayments                                  |     |             |      — |     |             |     — |     |        |      — |   |     |            | (151 | ) |     |      |     — |
| Change in fair value                             |     |             |      — |     |             |    22 |     |        |      — |   |     |            |    — |   |     |      |     — |
| Stated interest                                  |     |             |  1,820 |     |             |    92 |     |        |  1,771 |   |     |            |   49 |   |     |      |    36 |
| Amortization of debt discount