Company: PFSA
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001213900-25-065686
Chunk: 16

Company: Profusa, Inc.
Filing Date: 2025-07-18
Form: 8-K
Item: Item 2.03
Chunk 16
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 provided by financing activities
was $0.6 million for the three months ended March 31, 2024, which consisted primarily of net proceeds from the issuance of senior notes
of $0.7 million, an additional issuance of our Tasly Convertible Loan of less than $0.1 million, offset by payment of deferred offering
costs of $0.1 million.

Contractual Obligations

The following table
summarizes our contractual obligations as of March 31, 2025, and the years in which these obligations are due (in thousands):

  Convertible notes                  $          18,965      $         18,965      $           
 ──────────────────────────────────────────────────────────────────────────────────────────────
                                     Total                  2025                  Thereafter  
  Tasly convertible loan                         2,390                 2,390                  
  Senior notes                                  26,589                26,589                  
  Promissory notes                                 925                   925                  
  PPP loan                                       1,379                 1,379                  
  Total contractual obligations      $          50,248      $         50,248      $           

Critical Accounting Estimates

The preparation of financial
statements in conformity with GAAP requires Profusa’s management to make estimates and assumptions that affect the reported amounts
of assets, liabilities, revenue, expenses and related disclosures. Profusa’s critical accounting are described in Note 2 to Profusa’s
consolidated financial statements as of and for the years ended December 31, 2024 and 2023 included in the Proxy Statement beginning at
page F-28.

Recent Accounting Pronouncements

A discussion of recent accounting
pronouncements applicable to Profusa is described in Note 2, Summary of Significant Accounting Policies, in the unaudited condensed consolidated
unaudited financial statements of Profusa as of March 31, 2025 and for the three months ended March 31, 2025 and 2024, filed as Exhibit
99.2 to this Report.

Security Ownership of Certain Beneficial Owners
and Management

The following table sets forth information known
to the Company regarding beneficial ownership of shares of the Company’s Common Stock immediately following the Closing by:

  Each person known by the Company to be the beneficial owner of more than 5% of the Company’s outstanding Common Stock;  

  Each of the Company’s named executive officers and directors; and  

  All executive officers and directors as a group.