Company: PFSA
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001213900-25-065686
Chunk: 47

Company: Profusa, Inc.
Filing Date: 2025-07-18
Form: 8-K
Chunk 47
---
 |  2,390 |     |      |  2,390 |     |            | — |
| Senior notes                  |     |       | 26,589 |     |      | 26,589 |     |            | — |
| Promissory notes              |     |       |    925 |     |      |    925 |     |            | — |
| PPP loan                      |     |       |  1,379 |     |      |  1,379 |     |            | — |
| Total contractual obligations |     | $     | 50,248 |     | $    | 50,248 |     | $          | — |

Critical Accounting Estimates

The preparation of financial
statements in conformity with GAAP requires Profusa’s management to make estimates and assumptions that affect the reported amounts
of assets, liabilities, revenue, expenses and related disclosures. Profusa’s critical accounting are described in Note 2 to Profusa’s
consolidated financial statements as of and for the years ended December 31, 2024 and 2023 included in the Proxy Statement beginning at
page F-28.

Recent Accounting Pronouncements

A discussion of recent accounting
pronouncements applicable to Profusa is described in Note 2, Summary of Significant Accounting Policies, in the unaudited condensed consolidated
unaudited financial statements of Profusa as of March 31, 2025 and for the three months ended March 31, 2025 and 2024, filed as Exhibit
99.2 to this Report.

<div align='center'>15

Security Ownership of Certain Beneficial Owners and Management</div>

The following table sets forth information known
to the Company regarding beneficial ownership of shares of the Company’s Common Stock immediately following the Closing by:

| ● | Each person known by the Company to be the beneficial owner of more than 5% of the Company’s outstanding Common Stock; |

| ● | Each of the Company’s named executive officers and directors; and |

| ● | All executive officers and directors as a group. |

Beneficial ownership is determined
according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses
sole or shared voting or investment power over that security, including options, warrants and certain other derivative securities that
are currently exercisable or will become exercisable within 60 days.

The percentage of beneficial
ownership is based on 32,788,