Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 305

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 305
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| Interest expense (including related parties amounts of $704 and $624 for the three months ended March 31, 2025 and March 31, 2024, respectively) |     |                    | (1,230 | ) |     |   | (1,080 | ) |
| Other income                                                                                                                                     |     |                    |     (1 | ) |     |   |      5 |   |
| Total other expense, net                                                                                                                         |     |                    | (1,292 | ) |     |   | (1,071 | ) |
| Net loss and comprehensive loss                                                                                                                  |     | $                  | (2,716 | ) |     | $ | (2,385 | ) |

____________

​(1)

The Company has no significant long-lived assets recognized on the Consolidated Balance Sheets.

F-49 PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 14 — Subsequent Events The Company has evaluated its subsequent events from March 31, 2025, through the date these condensed consolidated financial statements were issued and has determined that there are no subsequent events requiring disclosure in these condensed consolidated financial statements other than the items noted below. On various dates in April and May 2025, the Company issued Senior Secured Convertible Notes for an aggregate amount of $ 0.7million, of which $ 0.4million will be converted in 2025 upon the closing of the Company’s Qualified Financing transaction and $ 0.3million will be repaid in cash. On April 2, 2025, the parties to the Merger Agreement entered into an Amendment No. 5 to the Merger Agreement (“Amendment No. 5”) pursuant to which Section 9.01 of the Merger Agreement was amended such that the reference to “March 22, 2025” as the outside date was replaced with “June 22, 2025”. Despite the passing of June 22, 2025, the Merger Agreement did not automatically terminate and remains in effect until the date that one of the parties sends written notice to the other party that it has elected to unilaterally terminate the Merger Agreement. Neither party has elected to terminate the Business Combination as of the date of this filing. On April 30, 2025, Marcum informed the Company that Marcum resigned as the Company’s independent registered