Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 117

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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    Securities Purchase Agreement 
     23,487  
     —  
     —  
     23,487 
  
    Total 
    $10,201,124  
    $—  
    $569,250  
    $9,631,874 

    December 31, 2024  
    Quoted Prices In Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Assets: 

    Cash and marketable securities held in trust 
    $8,330,835  
    $8,330,835  
    $—  
    $— 
  
    Liabilities: 

    Warrant liabilities – Public Warrants 
    $379,500  
    $—  
    $379,500  
    $— 
  
    Warrant liabilities – Private Placement Warrants 
     293,900  
     —  
     —  
     293,900 
  
    Warrant liabilities – Representative’s Warrants 
     22,770  
     —  
     —  
     22,770 
  
    Convertible Promissory Note – Related Party 
     8,908,052  
     —  
     —  
     8,908,052 
  
    Total 
    $9,604,222  
    $—  
    $379,500  
    $9,224,722 

21

The Public Warrants, the Private Placement Warrants
and the Representative’s Warrants were accounted for as liabilities in accordance with ASC 815-40 and are presented within liabilities
on the condensed consolidated balance sheets. The warrant liabilities are measured at fair value at inception and on a recurring basis,
with changes in fair value presented within change in fair value of warrant liabilities in the condensed consolidated statements of operations.

The Company utilized a Monte Carlo simulation
model for the initial valuation of the Public Warrants. The subsequent measurement of the Public Warrants at March 31, 2025 and December
31, 2024 was classified as Level 2 due to the lack of an active market. As of March 31, 2025 and December 31, 2024, the aggregate value
of Public Warrants was $569,250 and $379,500