Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 116

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 participants at the measurement
date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives
the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the
lowest priority to unobservable inputs (Level 3 measurements). The Company’s financial instruments are classified as either Level
1, Level 2 or Level 3. These tiers include:

●Level
1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

●Level
2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices
for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

●Level
3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions,
such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The following tables present information about
the Company’s assets and liabilities that are measured at fair value on March 31, 2025 and December 31, 2024, and indicates the
fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    March 31, 2025  
    Quoted Prices In Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Cash and marketable securities held in trust 
    $1,920,401  
    $1,920,401  
    $—  
    $— 
  
    Liabilities: 

    Warrant liabilities – Public Warrants 
    $569,250  
    $—  
    $569,250  
    $— 
  
    Warrant liabilities – Private Placement Warrants 
     440,850  
     —  
     —  
     440,850 
  
    Warrant liabilities – Representative’s Warrants 
     34,155  
     —  
     —  
     34,155 
  
    Convertible Promissory Note – Related Party 
     9,133,382  
     —  
     —  
     9,133,382