Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 608

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 608
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 a recurring basis in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The authoritative guidance on fair value measurements establishes a three -tierfair value hierarchy for disclosure of fair value measurements as follows:

| Level 1 — |     | Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date;                                                                                                                                                                                                                                                         |
| Level 2 — |     | Inputs are observable, unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities; and |
| Level 3 — |     | Unobservable inputs that are significant to the measurement of the fair value of the assets or liabilities that are supported by little or no market data.                                                                                                                                                                                                                  |

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value.

F-82

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 3 — Fair Value Measurement (cont.) Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management to make judgments and consider factors specific to the asset or liability. As of December 31, 2023 and 2022, the Company had no financial assets measured at fair value on a recurring basis. As of December 31, 2023, the Company’s financial liabilities measured at fair value on a recurring basis, were as follows (in thousands):

|                                          |     | Fair value as of December 31, 2023 |   |     |         |   |     |         |       |     |       |       |
|:-----------------------------------------|:----|:-----------------------------------|:--|:----|:--------|:--