Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 164

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 164
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    $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  
    $316,670 

    Private Placement Warrants  
    Representative’s Warrants  
    Warrant Liability 
  
    Fair value at December 31, 2022 
    $377,857  
    $29,274  
    $407,131 
  
    Change in fair value of warrant liabilities 
     (311,729) 
     (24,151) 
     (335,880)
  
    Fair value at December 31, 2023 
    $66,128  
    $5,123  
    $71,251 

    Convertible Promissory Note 
  
    Fair value at December 31, 2023 
    $944,118 
  
    Principal borrowing 
     797,981 
  
    Change in fair value of convertible promissory note 
     7,165,953 
  
    Fair value at December 31, 2024 
    $8,908,052 

    Convertible Promissory Note 
  
    Fair value at December 31, 2022 
    $— 
  
    Principal borrowing 
     1,121,815 
  
    Change in fair value of convertible promissory note 
     (177,697)
  
    Fair value at December 31, 2023 
    $944,118 

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.