Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 610

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 610
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 Qualified Financing (see Note 5). This resulted in a $2.031 million gain on the change in fair value of a derivative liability in the Company’s statement of operations for the year ended December 31, 2022. Key assumptions for valuation of the compound derivative liability for the year ended December 31, 2022 were as follows:

| Probability of settlement scenarios  |     | 50%             |
| Discount Rate                        |     | 48.29% – 55.79% |
| Expected time to respective scenario |     | 0.3 – 0.8 years |

Note 4 — Balance Sheet Components Accrued Liabilities (in thousands)

|                           |     | As of        
 December 31, 
 2023         |        |   |     | As of        
 December 31, 
 2022         |        |   |
|:--------------------------|:----|:-------------|:-------|:--|:----|:-------------|:-------|:--|
| Accrued compensation      |     | $            | (1,960 | ) |     | $            | (584   | ) |
| Accrued other liabilities |     |              | (391   | ) |     |              | (609   | ) |
|                           |     | $            | (2,351 | ) |     | $            | (1,193 | ) |

Note 5 — Debt The following table sets forth a summary of the debt instruments and their changes during the years ended December 31, 2023 and 2022 (in thousands):

|                                                                            |     | Convertible 
 Notes       |        |     | Tasly       
 Convertible 
 Debt        |   |     | Senior 
 Notes  |        |   |     | Promissory 
 Notes      |      |   |     | PPP  
 Loan |       |
|:---------------------------------------------------------------------------|:----|:------------|-------:|:----|:------------|:--|:----|:-------|-------:|:--|:----|:-----------|-----:|:--|:----|:-----|------:|
| Balance at January 1, 2022                                                 |     | $           |  9,497 |     | $           | — |     | $      |  5,018 |   |     | $          |  381 |   |     | $    | 1,305 |
| Iss