Company: PFSA
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001213900-25-044417
Chunk: 573

Company: Profusa, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 573
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 this filing, the Company has not applied for forgiveness under PPP Loan 2. As of December 31, 2024 and December31, 2023, the Company was in default on PPP Loan 2 due to non -paymentof 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 $0.1 million as of December 31, 2024 and December31, 2023, respectively. The total past due amount of PPP Loan 2 repayments as of December 31, 2024 and December31, 2023 was $0.8 million and $0.4 million, respectively. As of December 31, 2024, the contractual future minimum payments for the PPP Loan 2 were as follows (in thousands):

| Year Ending December 31, 
 2025                     |     | Amount | 1,231 |
|:-------------------------|:----|:-------|------:|
| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,376 |

F-47

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 6 — Commitments and Contingencies Operating Lease Obligations On August1, 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 $25 thousand. 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 $25 thousand. This month -to-monthlease automatically renews every four months, unless written termination is provided. Operating costs for short -termleases and variable lease costs were less than $0.1 million during the years ended December 31, 2024 and 2023. The Company recognized a total of $0.3 million and $0.3 million in lease expense for the years ended December 31, 2024 and 2023, respectively. Contingencies and Indemnifications From time to