Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 298

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 298
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 vest on normal vesting schedules, and interest continued to accrue on the notes. Upon completing the Business Combination on July 11, 2025, all outstanding Profusa Preferred Stock of 17,863,934shares, common stock of 6,984,666shares, were converted into New Profusa at an exchange ratio of .3459 for 6,178,315shares from Profusa Preferred Stock, and 2,415,67shares of Common Stock of which 1,938,392were from common shares outstanding and 477,284were from common shares issued from the in -substancenonrecourse promissory notes. Additionally, 2.3million outstanding options which were vested or expected to vest were rolled over from Profusa into New Profusa outstanding options at an exchange rate of .3459. In addition, the following convertible notes were converted into New Profusa Common Stock based on the principal and accrued interest as of July 11, 2025. Convertible Notes with an outstanding balance of $ 19.6million in principal and accrued interest converted into 2,801,697shares of New Profusa at $ 7.00/share, Senior Convertible Notes with an outstanding balance of $ 20.8million in principal and accrued interest converted into 5,189,138shares of New Profusa at $ 4.00/share, Senior Convertible Bridge Notes of $ 3.1million in principal and accrued interest were repaid in cash in the amount of $ 0.25million with the remaining $ 2.85million converted into 1,277,162shares of New Profusa at $ 2.22/share, Senior Secured Convertible Notes of $ 2.8million in principal and accrued interest converted into 5,542,261shares of New Profusa at $ 0.50/share. Of the 5,542,261New Profusa shares issued to Senior Secured Note holders, 710,220shares were contributed by the Sponsor. As part of the initial shares at closing, the Incentive Equity Value of $ 29,018,330was converted to shares at $ 10per share for 2,901,833shares allocated to the merger consideration, as defined in the Business Combination Amendment No. 4. On July 28, 2025, the Company entered into the Purchase Agreement and a related registration rights agreement (the “ELOC Registration Rights Agreement”), with Ascent (“Purch