Note 11
— Related Party Transactions
The
Company has funded its operations to date primarily through private sales of convertible preferred stock, convertible notes, loans payable
and promissory notes. These investments have included various related parties. The following table presents the various significant related
party transactions and investments in the Company for the periods presented (in thousands):
| | | Nature of | | | | December 31, | | | Related Party | | relationship | | Description of investment or transaction | | 2025 | | | 2024 | | | Tasly | | Shareholder | | Convertible note held at fair value(1) | | $ | 2,290 | | | $ | 2,234 | | | NVAC Sponsor I, LLC | | Shareholder | | Convertible note held at fair value(1) | | $ | 1,870 | | | $ | — | | | The founders | | Shareholder | | Promissory notes(1) | | $ | 400 | | | $ | 850 | | | Various individuals and entities | | Shareholder | | Convertible note payable(1) | | $ | — | | | $ | 22,822 | | | NVAC Sponsor I, LLC | | Shareholder | | Due to from Related Party(2) | | $ | 41 | | | $ | — | |
| (1) | See Note 6 for full disclosures on debt, including the convertible notes payable, loans payable and promissory notes. |
| (2) | As of December 31, 2025, $41 thousand relating to an administrative service fee remains outstanding which originated from the net assets of the Northview balance sheet that was brought over at the time of the merger at fair value and has had no change. |
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