Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 563

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 563
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 sale of an asset or paid for transfer of a liability, in an orderly transaction between market 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:

•Level1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

•Level2, 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

•Level3, 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 December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                  |     |   | December 31, 
         2023 |     |   |     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     |     | $ |   10,873,406 |     | $ | 10,873,406 |     | $ | —           |     | $ |            — |
| Liabilities:                                     |     |   |              |     |   |            |     |   |             |     |   |