Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 309

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 309
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 Company recognized operating lease costs for monthly rent of $ 75thousand and $ 150thousand for each of the three and six month periods ending June 30, 2025 and 2024. Total operating lease costs with common area maintenance variable costs were $ 0.3million and $ 0.2million for the six months ended June 30, 2025 and 2024. 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 or been required to defend any action related to its indemnification obligations. However, the Company may record charges in the future as a result of these indemnification obligations.

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 stock as of June 30, 2025 and December 31, 2024 consisted of the following:

|                |     |     Shares 
 Authorized |     |       Share 
      Issued 
         and 
 Outstanding |     | Liquidation 
 Preference  |        |     | Carrying 
 Amount   |        |     | Original 
 Issue    
 Price    |      |
|:---------------|:----|-----------:|:----|------------:|:----|:------------|-------:|:----|:---------|-------:|:----|:---------|-----:|
| New Series A   |     |  4,350,314 |     |   4,350,314 |