Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 818

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 818
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 yield curve on the grant date for a maturity similar to the expected remaining life of the warrants.
The expected life of the warrants is assumed to be equivalent to their remaining contractual term.

F-20

The
key inputs into the Monte Carlo simulation model for the warrant liabilities were as follows at December 31, 2024 and 2023:

    December 31, 2024  
    December 31, 2023 
  
    Input 

    Risk-free interest rate 
     4.18% 
     5.06%
  
    Expected term (years) 
     0.89  
     0.71 
  
    Expected volatility 
     De
    minimis% 
     De
    minimis%
  
    Exercise price 
    $11.50  
    $11.50 
  
    Fair value of Common stock 
    $12.12  
    $11.16 

The
key inputs into the Monte Carlo simulation model for the convertible promissory note were as follows at December 31, 2024 and 2023:

    December 31, 2024  
    December 31, 2023 
  
    Input 

    Risk-free interest rate 
     4.18% 
     5.48%
  
    Expected term (years) 
     0.27  
     0.19 
  
    Expected volatility 
     De
    minimis% 
     De
    minimis%
  
    Exercise price 
    $11.50  
    $11.50 
  
    Fair value of Common stock 
    $12.12  
    $11.16 

The following table provides a summary of the changes in the fair value
of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis for the years ended December
31, 2024 and 2023:

    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 
     227,772  
     17,647  
     245,419 
  
    Fair value at December 31, 2024 
    $293,900  
    $22,770