Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 294

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 294
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ured Convertible Notes, and will convert into New Profusa shares at $ per share. This note has an -month maturity, which will be accelerated and convert into New Profusa shares upon the successful closing of the Business Combination.

Of the $ million of Senior Notes, as of March 31, 2025, $ million is outstanding with related parties and $ million is outstanding with unrelated parties. Of the $ million of Senior Notes, as of March 31, 2024, $ million is outstanding with related parties and $ million is outstanding with unrelated parties.

The annual effective interest rate of Senior Notes was estimated from % to % and % to % per year for the three months ended March 31, 2025 and 2024, respectively. The interest expense for the three months ended March 31, 2025 and 2024 was $ million and $ million, respectively.

As of March 31, 2025, future minimum payments for the convertible notes payable were as follows (in thousands):

|                                           |     | Convertible 
 Notes       |        |   |     | Tasly       
 Convertible 
 Debt        |       |   |     | Senior 
 Notes  |        |   |
|:------------------------------------------|:----|:------------|-------:|:--|:----|:------------|------:|:--|:----|:-------|-------:|:--|
| Total future payments                     |     | $           | 19,533 |   |     | $           | 2,094 |   |     | $      | 25,931 |   |
| Less: fair value remeasurement            |     |             |      — |   |     |             |   394 |   |     |        |      — |   |
| Less: unamortized debt premium (discount) |     |             |     (2 | ) |     |             |     — |   |     |        |  1,481 |   |
| Less: interest                            |     |             |   (566 | ) |     |             |   (98 | ) |     |        |   (823 | ) |
| Total convertible notes payable           |     | $           | 18,965 |   |     | $           | 2,390 |   |     | $      | 26,589 |   |

Promissory Notes

In a series of transactions during 2010 and 2011, two of