v3.26.3
Related Party Transactions
 9 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11 — Related Party Transactions

 

The Company has funded its operations to date primarily through private sales of convertible preferred stock, convertible notes, convertible 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):

 

Related Party   Nature of relationship       Description of investment or transaction  

 September 30,

 2026  

     December 31,
2025		  
Tasly      Shareholder       Convertible note held at fair value(1)   $ 2,727     $ 2,290  
NVAC      Shareholder       Convertible note held at fair value(1)   $ 1,016     $ 1,870  
The founders      Shareholder       Promissory notes(1)   $ —     $ 400  
NVAC      Shareholder       Due to Related Party(2)   $ —     $ 41  

 

(1) See Note 5 for full disclosures on debt, including the convertible notes payable, convertible 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.

 

During the three and nine months ended September 30, 2026, the Company entered into amendments to its convertible notes held by NVAC, a related party, which were accounted for as debt extinguishments as well as a partial conversion of the notes held by NVAC. During the three and nine months ended September 30, 2026, the Company recognized $1.5 million of loss on extinguishment of related-party debt in connection with these amendments which is presented under loss on extinguishment of debt on the condensed consolidated statements of operations, and a $1.4 million gain from change in fair value during the three and nine months ended September 30, 2026. Refer to Note 3 and Note 5 for further discussion of the amendments and the related accounting treatment.

 

For the three months ended September 30, 2026 and 2025, related party interest expense was $4 thousand and $0.1 million, respectively. For the nine months ended September 30, 2026 and 2025, related party interest expense was $14 thousand and $1.3 million, respectively.