Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 162

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 $1,362 
  
    Issuance of debt 
     —  
     16  
     2,110  
     —  
     — 
  
    Debt repayments 
     —  
     —  
     (150) 
     —  
     — 
  
    Change in fair value 
     —  
     427  
     —  
     —  
     — 
  
    Stated interest 
     993  
     —  
     1,521  
     46  
     10 
  
    Amortization of debt discount and issuance costs 
     2  
     —  
     —  
     —  
     — 
  
    Balance at September 30, 2024 
     17,311  
     2,157  
     23,636  
     895  
     1,372 

    Less: Current portion 
     17,311  
     2,157  
     23,636  
     895  
     1,372 
  
    Long term debt 
    $—  
    $—  
    $—  
    $—  
    $— 

Convertible Debt

Convertible Notes

The annual effective interest rate of Convertible Notes was estimated
from 12.54% to 53.28% per year for the nine months ended September 30, 2025 and from 12.66% to 53.28% per year for the nine months ended
September 30, 2024. The interest expense for the three months ended September 30, 2025 and 2024 was $0.1 million and $0.5 million, respectively.
The interest expense for the nine months ended September 30, 2025 and 2024 was $1.2 million and $1.6 million, respectively.

Upon Closing, the following convertible notes were converted into Company
Common Stock based on the principal and accrued interest as of July 11, 2025 (the Closing Date). Convertible Notes with an outstanding
balance of $19.6 million in principal and accrued interest converted into 2,801,697 shares of Company Common Stock at $7.00/share.

Tasly Convertible Debt - Related Party at fair value

In