Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 587

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 587
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 of principal and interest starting 10 months from the end of the Covered Period until May 25, 2026. Interest on the loan continues to accumulate during any deferment period. As of September 30, 2024, the Company has not applied for forgiveness under PPP Loan 2. As of December 31, 2023 and September 30, 2024, the Company was in default on PPP Loan 2 due to non -paymentof minimal repayment amounts required by the terms of PPP Loan 2. Accordingly, the Company classified the entire amount outstanding under PPP Loan 2 as current and accrued respective late penalties for the total amount of less than $0.1 million as of September 30, 2024 and December 31, 2023, respectively. The total past due amount of PPP Loan 2 repayments as of September 30, 2024 and December 31, 2023 was $0.7 million and $0.4 million, respectively.

F-65

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 5 — Debt (cont.) As of September 30, 2024, the contractual future minimum payments for the PPP Loan 2 were as follows (in thousands):

| Year Ending December 31, 
 2024 (remainder)         |     | Amount |   879 |
|:-------------------------|:----|:-------|------:|
| 2025                     |     |        |   348 |
| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,372 |

Note 6 — Commitments and Contingencies Operating Lease Obligations On August 1, 2022 the Company entered into a new lease agreement (the “Amended Lease”) whereby the Company agreed to rent its office and lab facilities under month -to-monthtenancy. The monthly rent payable under the Amended Lease is $25 thousand. This month -to-monthlease ended in on August15, 2024. Operating costs for short -termleases and variable lease costs were less than $0.1 million during the nine months ended September 30, 2024 and 2023. Starting from August 2022 the Company recognized lease expense in the amount of monthly rent as incurred. The month -to-monthterminated in August 2024