Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 301

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 301
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 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 $ million on June 26, 2023 the time to event was years and the discount rate applied was %. At issuance of the next $ million on July 20, 2023, the time to event was years and the discount rate applied was %. At issuance of the additional $ million on August 15, 2023, the time to event was years and the discount rate applied was %. The final amount which was less than $ million was issued on February 6, 2024; the time to event was years and the discount rate applied was %.

On June 30, 2025, the time event was . years and the discount rate applied was %. Based on this method, the Fair value of the convertible debt at the date of inception was $ million, the fair value at June 30, 2025 was $ million.

F-40

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

Note 4 — Balance Sheet Components

Prepaid expenses and other current assets (in thousands)

|                   |     |   |    As of 
 June 30, 
     2025 |     |   |        As of 
 December 31, 
         2024 |
|:------------------|:----|:--|---------:|:----|:--|-------------:|
| Prepaid legal     |     | $ |       48 |     | $ |           25 |
| Prepaid insurance |     |   |       31 |     |   |           37 |
| Prepaid other     |     |   |      130 |     |   |            7 |
|                   |     | $ |      209 |     | $ |           69 |

Accrued Liabilities (in thousands)

|                           |     | As of    
 June 30, 
 2025     |        |   |     | As of        
 December 31, 
 2024         |        |   |
|:--------------------------|:----|:---------|:-------|:--|:----|:-------------|:-------|:--|
| Accru