Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 253

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 253
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| Convertible Notes at fair value     |     | $                                  | — |     | $       | — |     | $       | 1,714 |     | $     | 1,714 |
| Total assets measured at fair value |     | $                                  | — |     | $       | — |     | $       | 1,714 |     | $     | 1,714 |

F-13

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 3 — Fair Value Measurement (cont.)

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments for the years ended December 31, 2024 and 2023 (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, 202