Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 325

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 325
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| Debt repayments                                  |     |             |      — |     |             |     — |     |        |   (115 | ) |     |            |   — |     |      |     — |
| Change in fair value                             |     |             |      — |     |             |    11 |     |        |      — |   |     |            |   — |     |      |     — |
| Stated interest                                  |     |             |    993 |     |             |    97 |     |        |    994 |   |     |            |  31 |     |      |     7 |
| Amortization of debt discount and issuance costs |     |             |     39 |     |             |     — |     |        |      — |   |     |            |   — |     |      |     — |
| Balance at June 30, 2024                         |     | $           | 17,348 |     | $           | 1,838 |     | $      | 22,154 |   |     | $          | 880 |     | $    | 1,369 |
| Long term debt                                   |     | $           |      — |     | $           |     — |     | $      |      — |   |     | $          |   — |     | $    |     — |

All debt was classified as
current debt as of June 30, 2024 and 2025.

Convertible Debt

Convertible Notes

The annual effective interest
rate of Convertible Notes was estimated from 12.54% to 53.28% per year for the six months ended June 30, 2025 and 12.66% to
53.28% per year for the six months ended June 30, 2024. The interest expense for the three months ended June 30, 2025
and 2024 was $0.6 million and $0.5 million, respectively. The interest expense for the six months ended June 30, 2025,
and 2024 was $1.1 million and $1.0 million, respectively.

As of June 30, 2025 the
outstanding balance of convertible notes includes related party convertible notes of $14.1 million. As of December 31, 2024
the outstanding balance of convertible notes includes related party convertible notes of $13