Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 277

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 277
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 and liabilities measured
at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The
Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management
to make judgments and consider factors specific to the asset or liability.

As of December 31, 2024
and 2023, the Company had no financial assets measured at fair value on a recurring basis.

As of December 31, 2024
and 2023, the Company’s financial liabilities measured at fair value on a recurring basis, were as follows (in thousands):

|                                          |     | Fair value as of December 31, 2024 |   |     |         |   |     |         |       |     |       |       |
|:-----------------------------------------|:----|:-----------------------------------|:--|:----|:--------|:--|:----|:--------|------:|:----|:------|------:|
|                                          |     | Level 1                            |   |     | Level 2 |   |     | Level 3 |       |     | Total |       |
| Liabilities:                             |     |                                    |   |     |         |   |     |         |       |     |       |       |
| Convertible Notes at fair value          |     | $                                  | — |     | $       | — |     | $       | 2,235 |     | $     | 2,235 |
| Total liabilities measured at fair value |     | $                                  | — |     | $       | — |     | $       | 2,235 |     | $     | 2,235 |

|                                     |     | Fair value as of December 31, 2023 |   |     |         |   |     |         |       |     |       |       |
|:------------------------------------|:----|:-----------------------------------|:--|:----|:--------|:--|:----|:--------|------:|:----|:------|------:|
|                                     |     | Level 1                            |   |     | Level 2 |   |     | Level 3 |       |     | Total |       |
| Liabilities:                        |     |                                    |   |     |         |   |     |         |       |     |       |       |
| Convertible Notes at fair value     |     |