Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 281

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 281
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 Senior Notes as of June 30, 2025. In the event the Company fails to complete the formation of the APAC Joint Venture or fail to repay the amounts under the Tasly Convertible Debt when they become due, the lender will have an option to convert the entire outstanding balance and accrued but unpaid interest under the Convertible debt into either (i) senior unsecured promissory notes on substantially the same terms as the outstanding Senior Notes as of June 30, 2025, or (ii) the Company’s common stock at a conversion price of $ per share.

The Company elected to apply the fair value option to account for the Tasly Convertible debt. Accordingly, no features of the Convertible debt are bifurcated and separately accounted for. The fair value of the Convertible debt was $ million as of June 30, 2025. Accrued stated interest on the Tasly Convertible debt was $ million and $ million for the three and six months ended June 30, 2025, respectively. Accrued stated interest on the Tasly

F-42

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 5 — Debt (cont.)

Convertible debt was $ million and $ million for the three and six months ended June 30, 2024, respectively. Accrued interest since note origination is $ million in total. The total loss on fair value remeasurement from origination through June 30, 2025 was $ million, and the loss on fair value remeasurement was recognized of $ million through June 30, 2025.

Senior Notes

January – March 2024 Senior Notes — During the months January through March 2024, the Company issued additional Senior Notes to investors with the principal amount of $ million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022).

April – June 2024 Senior Notes — During the months April through June 2024, the Company issued additional Senior Notes to investors with the principal amount of $ million on substantially the same terms as the Senior Notes issued in 2022 (as amended in November 2022). Additionally, the Company repaid $ million of principal on Senior Notes with investors during the respective period.

January – March 2025 Senior Notes — During the months January through March 2025, the Company