Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 299

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 299
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 months ended
June 30, 2025 and 2024 (in thousands):

|                                                                                                              |     | Tasly        
 convertible  
 debt at fair 
 value        |       |   |
|:-------------------------------------------------------------------------------------------------------------|:----|:-------------|------:|:--|
| Fair value as of January 1, 2024                                                                             |     | $            | 1,714 |   |
| Issuance of Convertible Notes                                                                                |     |              |    16 |   |
| Accrued stated interest                                                                                      |     |              |    48 |   |
| Change in fair value included in other income and gain on change in the fair value of Tasly convertible debt |     |              |    (4 | ) |
| Fair value as of March 31, 2024                                                                              |     | $            | 1,774 |   |
| Accrued stated interest                                                                                      |     |              |    49 |   |
| Change in fair value included in other income and loss on change in the fair value of Tasly convertible debt |     |              |    15 |   |
| Fair value as of June 30, 2024                                                                               |     | $            | 1,838 |   |
| Fair value as of January 1, 2025                                                                             |     | $            | 2,234 |   |
| Accrued stated interest                                                                                      |     |              |    95 |   |
| Change in fair value included in other income and loss on change in the fair value of Tasly convertible debt |     |              |    61 |   |
| Fair value as of March 31, 2025                                                                              |     | $            | 2,390 |   |
| Accrued stated interest                                                                                      |     |              |    96 |   |
| Change in fair value included in other income and loss on change in the fair value of Tasly convertible debt |     |              |    57 |   |
| Fair value as of June 30, 2025                                                                               |     | $            | 2,543 |   |

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 $ million on June 26,