Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 275

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 275
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 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 $ 25thousand. 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 $ 25thousand. 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 $ 0.1million during the years ended December 31, 2024 and 2023. The Company recognized a total of $ 0.3million and $ 0.3million in lease expense for the years ended December 31, 2024 and 2023, respectively. Contingencies and Indemnifications From time to time, the Company may have certain contingent liabilities that arise in the ordinary course of its business activities. The Company accrues a liability for such matters when it is probable that future expenditures will be made and that such expenditures can be reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties and provide for general indemnifications. The Company’s exposure under these agreements is unknown because it involves claims that may be made against the Company in the future, but that have not yet been made. To date, the Company has not paid any claims; however, the Company may record charges in the future as a result of these indemnification obligations. The Company is currently defending one litigation with a vendor. Management has accrued estimated incremental legal costs which totals less than $ 0.1million related to the matter.

Note 7 — Convertible Preferred Stock

Under the Company’s Amended and Restated Certificate of Incorporation, as amended, the Company is authorized to issue two classes of shares: preferred and common stock. The preferred stock is issuable in series, and the Company’s Board of Directors is authorized to determine the rights, preferences, and terms of each series. Under the Company’s Articles of Incorporation, as amended, the Company is authorized to issue shares of convertible preferred stock at a par value of $.

Convertible preferred