Company: PFSA
Filing Date: 2025-09-17
Form Type: S-1/A
Source: 0001213900-25-088333
Chunk: 281

Company: Profusa, Inc.
Filing Date: 2025-09-17
Form: S-1/A
Chunk 281
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 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, 2023, the time to event was years and the discount rate applied was %. At issuance of the additional $ million on August 15, 2023, the time to event was years and the discount rate applied was %. The final amount which was less than $ million was issued on February 6, 2024; the time to event was years and the discount rate applied was %.

F-40

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 3 — Fair Value Measurement (cont.) On June 30, 2025, the time event was . 03years and the discount rate applied was 12.66%. Based on this method, the Fair value of the convertible debt at the date of inception was $ 1.6million, the fair value at June 30, 2025 was $ 2.1million.

Note 4 — Balance Sheet Components

Prepaid expenses and other current assets (in thousands)

|                   |     |   |    As of 
 June 30, 
     2025 |     |   |        As of 
 December 31, 
         2024 |
|:------------------|:----|:--|---------:|:----|:--|-------------:|
| Prepaid legal     |     | $ |       48 |     | $ |           25 |
| Prepaid insurance |     |   |       31 |     |   |           37 |
| Prepaid other     |     |   |      130 |     |   |            7 |
|                   |     | $ |      209 |     | $ |           69 |

Accrued Liabilities (in thousands)

|                           |     | As of    
 June 30, 
 2025     |        |   |     | As of        
 December 31, 
 2024         |        |   |
|:--------------------------|:----|:---------|:-------|:--|:----|:-------------|:-------|:--|
| Accrued