Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 244

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 244
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 value                             |     |             |      — |     |             |   311 |     |        |      — |   |     |            |    — |   |     |      |     — |
| Stated interest                                  |     |             |  2,057 |     |             |   193 |     |        |  2,053 |   |     |            |   61 |   |     |      |    14 |
| Amortization of debt discount and issuance costs |     |             |     46 |     |             |     — |     |        |      — |   |     |            |    — |   |     |      |     — |
| Balance at December 31, 2024                     |     | $           | 18,419 |     | $           | 2,234 |     | $      | 25,268 |   |     | $          |  910 |   |     | $    | 1,376 |
| Less: Current portion                            |     |             | 18,419 |     |             | 2,234 |     |        | 25,268 |   |     |            |  910 |   |     |      | 1,376 |
| Long term debt                                   |     | $           |      — |     | $           |     — |     | $      |      — |   |     | $          |    — |   |     | $    |     — |

Convertible Debt

Convertible Notes

August 2020 Convertible Notes — In August, September, October and December 2020 the Company received $ million in total gross proceeds from the issuance of convertible promissory notes (the “2020 Convertible Notes”). Interest on the unpaid principal balance of the August 2020 Convertible Notes accrues from the issuance date at a rate of % per year, compounded semi-annually, and is payable at maturity. Unless converted or redeemed upon the occurrence of certain events, the August 2020 Convertible Notes were to mature within of issuance.

Upon the consummation of an equity financing with aggregate proceeds to the Company of no less than $ million (the “Qualified Financing”), the notes’ outstanding principal balance and accrued but unpaid interest are to convert into the shares of convertible preferred stock issued in such a Qualified Financing at a conversion price equal to the lesser of (i) the per share price obtained by dividing $ million