Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 585

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 585
---
 the same 12% interest terms as all of their other Senior Notes, and has an 18 -monthmaturity, which will be accelerated and converts into New Profusa shares upon the successful closing of the business combination. The Company repaid $0.04 million of principal on Senior Notes with investors during the respective period. Of the $23.6 million of Senior Notes, $9.3 million is outstanding with related parties and $14.3 million is outstanding with unrelated parties. The annual effective interest rate of Senior Notes was estimated from 0% to 12.53% and 0% to 12.26 per year for the nine months ended September 30, 2024 and 2023, respectively. The interest expense for the nine months ended September 30, 2024 and 2023 was $1.5 million and $0.3 million, respectively. F-64

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 5 — Debt (cont.) As of September 30, 2024, future minimum payments for the convertible notes payable were as follows (in thousands):

|                                                                 |     | Convertible 
 Notes       |        |   |     | Tasly       
 Convertible 
 Debt        |       |   |     | Senior Notes |        |   |
|:----------------------------------------------------------------|:----|:------------|-------:|:--|:----|:------------|------:|:--|:----|:-------------|-------:|:--|
| Total future principal payments due prior to September 30, 2025 |     | $           | 18,422 |   |     | $           | 1,902 |   |     | $            | 23,162 |   |
| Less: fair value remeasurement                                  |     |             |      — |   |     |             |   304 |   |     |              |      — |   |
| Less: unamortized debt premium (discount)                       |     |             |     (5 | ) |     |             |     — |   |     |              |  1,056 |   |
| Less: interest                                                  |     |             |   (540 | ) |     |             |   (49 | ) |     |              |   (582 | ) |
| Total convertible notes payable                                 |