Company: PFSA
Filing Date: 2025-08-21
Form Type: S-1/A
Source: 0001213900-25-079401
Chunk: 259

Company: Profusa, Inc.
Filing Date: 2025-08-21
Form: S-1/A
Chunk 259
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 (in thousands):

| Fair value as of January 1, 2023                                                                             |     | Tasly        
 convertible  
 debt at fair 
 value        |     — |
|:-------------------------------------------------------------------------------------------------------------|:----|:-------------|------:|
| Issuance of Convertible Notes                                                                                |     |              | 1,600 |
| Accrued stated interest                                                                                      |     |              |    92 |
| Change in fair value included in other income and loss on change in the fair value of Tasly convertible debt |     |              |    22 |
| Fair value as of December 31, 2023                                                                           |     | $            | 1,714 |
| Fair value as of January 1, 2024                                                                             |     | $            | 1,714 |
| Issuance of Convertible Notes                                                                                |     |              |    16 |
| Accrued stated interest                                                                                      |     |              |   194 |
| Change in fair value included in other income and loss on change in the fair value of Tasly convertible debt |     |              |   311 |
| 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 $ 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 February6, 2024; the time to event was years and the discount rate applied was %.

On December 31, 2024 the time event was years and the discount rate applied was %. The fair value of the convertible debt as of December 31, 2023 was $ million and the fair value as of December 31, 2024 was $million.

Note 4 — Balance Sheet Components

Prepaid expenses and other current assets (in thousands)

|                   |     |   |        As