Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 47

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 Private Placement Warrants  
    Representative’s Warrants  
    Warrant Liability 
  
    Fair value at December 31, 2023 
    $66,128  
    $5,123  
    $71,251 
  
    Change in fair value of warrant liabilities 
     213,077  
     16,509  
     229,586 
  
    Fair value at March 31, 2024 
     279,205  
     21,632  
     300,837 
  
    Change in fair value of warrant liabilities 
     124,908  
     9,676  
     134,584 
  
    Fair value at June 30, 2024 
    $404,113  
    $31,308  
    $435,421 

    Convertible Promissory Note – related 
party 
  
    Fair value at December 31, 2024 
    $8,908,052 
  
    Change in fair value of convertible promissory note 
     225,330 
  
    Fair value at March 31, 2025 
     9,133,382 
  
    Change in fair value of convertible promissory note 
     1,154,729 
  
    Fair value at June 30, 2025 
    $10,288,111 

    Convertible Promissory Note 
  
    Fair value at December 31, 2023 
    $944,118 
  
    Principal proceeds 
     378,185 
  
    Change in fair value of convertible promissory note 
     (60,077)
  
    Fair value at March 31, 2024 
     1,262,226 
  
    Proceeds received through convertible promissory note 
     330,796 
  
    Change in fair value of convertible promissory note 
     (66,021)
  
    Fair value at June 30, 2024 
    $1,527,001 

The fair value of the Company’s convertible
promissory note is valued using a compound option formula on the convertible feature and a present value of the host contract. The valuation
technique requires inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s
own assumption about the assumptions a market participant would use in pricing the working capital loan.

The convertible