Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 583

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 583
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 — |     |              |      — |   |     |            |    — |   |     |          |     — |
| Balance at September 30, 2024                    |     | $           | 17,877 |     | $           | 2,157 |     | $            | 23,636 |   |     | $          |  895 |   |     | $        | 1,372 |

Convertible Debt Convertible Notes The annual effective interest rate of Convertible Notes was estimated from 12.58% to 53.28% per year for the nine months ended September 30, 2024 and 16.09% to 53.28% per year for the nine months ended September 30, 2023. The interest expense for the nine months ended September 30, 2024, and 2023 was $1.6 million and $1.8 million, respectively. Of the $17.9 million of Convertible Notes, $12.94 million is outstanding with related parties and $4.93 million is outstanding with unrelated parties.

F-63 PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 5 — Debt (cont.) Tasly Convertible Debt In June 2023, the Company entered into a short -termloan agreement with a related party under which it may borrow up to $1.6 million, of which $1.0 million was borrowed on June 26, 2023, $0.3 million was borrowed on July 20, 2023, $0.3 million was borrowed on August 15, 2023 and the final $0.02 million was borrowed in February 2024 (the “Convertible debt”). The loans bear interest at a rate of 12% per annum and originally matured on December 31, 2023. The original maturity date was extended to March31, 2024, subject to the parties’ decision to extend thereafter. The Company is currently in default, as this loan will be repaid in parallel with the closing of the SPAC transaction. Accordingly, the Company classified the entire amount outstanding under the Tasly Convertible Debt as current on the Consolidated Balance Sheet. Upon occurrence of certain events of default by the Company, including failure to repay in full the amounts owed at maturity, the lender will have an option to