Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 560

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 560
---
 |
| Fair value as of December 31, 2024                                                                           |     | $            | 2,235 |

The Company elected to measure its Tasly convertible debt at fair value (Note 5) with changes in fair value reported in earnings as they occur. The Convertible Debt fair values were determined using the discounted cash flow methodology based on probability weighted scenarios of the convertible notes conversion. At issuance of the first $1 million on June 26, 2023 the time to event was 0.28 years and the discount rate applied was 14.54%. At issuance of the next $0.3 million on July 20, 2023, the time to event was 0.22 years and the discount rate applied was 13.82%. At issuance of the additional $0.3 million on August 15, 2023, the time to event was 0.15 years and the discount rate applied was 13.70%. The final amount which was less than $0.02million was issued on February6, 2024; the time to event was 0.66 years and the discount rate applied was 13.69%. On December 31, 2024 the time event was 0.41 years and the discount rate applied was 11.78%. The fair value of the convertible debt as of December 31, 2023 was $1.71 million and the fair value as of December 31, 2024 was $2.2million. Note 4 — Balance Sheet Components Prepaid expenses and other current assets (in thousands)

|                   |     |   |        As of 
 December 31, 
         2024 |     |   |        As of 
 December 31, 
         2023 |
|:------------------|:----|:--|-------------:|:----|:--|-------------:|
| Employee advances |     |   |            — |     |   |           96 |
| Prepaid legal     |     |   |           25 |     |   |            — |
| Prepaid insurance |     |   |           37 |     |   |            — |
| Prepaid other     |     |   |            7 |     |   |           50 |
|                   |     | $ |           69 |     | $ |          146 |

F-40

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONS