Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 283

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 283
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:-------|-------:|:--|
| As of June 30, 2025             |     | $           | 19,603 |   |     | $           | 2,287 |   |     | $      | 26,003 |   |
| Total future payments           |     |             | 19,603 |   |     |             | 2,287 |   |     |        | 26,003 |   |
| Less: fair value remeasurement  |     |             |      — |   |     |             |   451 |   |     |        |      — |   |
| Less: unamortized debt discount |     |             |      — |   |     |             |     — |   |     |        |  1,967 |   |
| Less: interest                  |     |             |    (70 | ) |     |             |  (195 | ) |     |        |    (75 | ) |
| Total convertible notes payable |     | $           | 19,533 |   |     | $           | 2,543 |   |     | $      | 27,895 |   |

F-43

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

These notes were converted into New Profusa common stock upon the successful closing of the merger on July 11, 2025; see subsequent events (Note 14).

Promissory Notes

In a series of transactions during 2010 and 2011 two of the Company’s founders provided $ million to the Company to fund general corporate purposes in exchange for promissory notes. The notes accrue interest annually at a simple interest rate of % with no set maturity date.

During the year ended December 31, 2022, the Company borrowed $ million from two of its founders at zero interest rate to finance its short-term operations, from which $ million was repaid in the same period.

During the year ended December 31, 2023, the Company borrowed short-term promissory notes of $ million from an existing investor and additional $ million from an unrelated party repayable on demand at any time after December 31, 2023, with annual interest rate of %.

During the three and six months ended June 30, 2025