Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 289

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 289
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PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 3 — Fair Value Measurement (cont.)

| Level 3 — |     | Unobservable inputs that are significant to the measurement of the fair value of the assets or liabilities that are supported by little or no market data. |

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value.

Assets 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 March 31, 2025 and December 31, 2024, the Company had no financial assets measured at fair value on a recurring basis.

As of March 31, 2025, the Company’s financial liabilities measured at fair value on a recurring basis, were as follows (in thousands):

|                                          |     | Fair value as of March 31, 2025 |   |     |         |   |     |         |       |     |       |       |
|:-----------------------------------------|:----|:--------------------------------|:--|:----|:--------|:--|:----|:--------|------:|:----|:------|------:|
|                                          |     | Level 1                         |   |     | Level 2 |   |     | Level 3 |       |     | Total |       |
| Liabilities:                             |     |                                 |   |     |         |   |     |         |       |     |       |       |
| Convertible Notes at fair value          |     | $                               | — |     | $       | — |     | $       | 2,390 |     | $     | 2,390 |
| Total liabilities measured at fair value |     | $                               | — |     | $       | — |     | $       | 2,390 |     | $     | 2,390 |

|                                          |     | Fair value as of December 31, 2024 |   |     |         |   |     |         |       |     |