Company: PFSA
Filing Date: 2025-08-25
Form Type: 424B3
Source: 0001213900-25-080387
Chunk: 264

Company: Profusa, Inc.
Filing Date: 2025-08-25
Form: 424B3
Chunk 264
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 31, 2024, and as of the date of this filing, the Company has not applied for forgiveness under PPP Loan 2. As of December 31, 2024 and December31, 2023, the Company was in default on PPP Loan 2 due to non -paymentof 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 $0.1 million as of December 31, 2024 and December31, 2023, respectively. The total past due amount of PPP Loan 2 repayments as of December 31, 2024 and December31, 2023 was $0.8 million and $0.4 million, respectively. As of December 31, 2024, the contractual future minimum payments for the PPP Loan 2 were as follows (in thousands):

| Year Ending December 31, 
 2025                     |     | Amount | 1,231 |
|:-------------------------|:----|:-------|------:|
| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,376 |

F-21

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 6 — Commitments and Contingencies Operating Lease Obligations On August1, 2022 the Company entered into a new lease agreement (the “Amended Lease”) whereby the Company agreed to rent its office and lab facilities under month -to-monthtenancy. The monthly rent payable under the Amended Lease was $25 thousand. This month -to-monthlease ended in July 2024. Beginning in October 2024, the Company entered into a new lease agreement whereby the Company agreed to rent its office and lab facilities under month -to -monthtenancy. The monthly rent payable under the new lease is also $25 thousand. This month -to-monthlease automatically renews every four months, unless written termination is provided. Operating costs for short -termleases and variable lease costs were less than $0.1 million during the years ended December 31, 2024 and 2023. The Company recognized a total of $0.3 million and $0.3 million in lease expense for the years ended December 31, 2024 and 2023,