Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 308

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 308
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 monthly payments of principal and interest starting from the end of the Covered Period until May 25, 2026. Interest on the loan continues to accumulate during any deferment period. As of June 30, 2025, the Company has not applied for forgiveness under PPP Loan 2.

As of December 31, 2024 and June 30, 2025, the Company was in default on PPP Loan 2 due to non-payment of 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 $ million as of June 30, 2025 and December 31, 2024, respectively. The total past due amount of PPP Loan 2 repayments as of June 30, 2025 and December 31, 2024 was $ million and $ million, respectively.

F-44

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 5 — Debt (cont.)

As of June 30, 2025, the contractual future minimum payments for the PPP Loan 2 were as follows (in thousands):

| Year Ending December 31, 
 2025 (remainder)         |     | Amount | 1,245 |
|:-------------------------|:----|:-------|------:|
| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,390 |

Note 6 — Commitments and Contingencies Operating Lease Obligations Beginning in October 2024, the Company entered into a lease agreement whereby the Company agreed to rent its office and lab facilities under month -to-monthtenancy. The monthly rent payable under the lease is $ 25thousand. This month -to-monthlease automatically renews every four months, unless written termination is provided. Operating costs for short -termleases include variable lease costs of $ 0.1million and less than $ 0.1million during the three months ended June 30, 2025 and 2024, compared to $ 0.2million and $ 0.1million during the six months ended June 30, 2025 and 2024. Starting from August 2022 the Company recognized lease expense in the amount of monthly rent as incurred. The