Profusa, Inc. (PFSA) Form 8-K — Oct 5, 2026
Profusa, Inc. entered into amendments with Ascent Partners Fund LLC on October 4, 2026, restructuring two convertible promissory notes totaling approximately $1.67 million in principal ($555,555.55 and $1,111,111.11) issued in April 2026. Under the Amendments, the conversion price becomes the greater of $1.20 and 95% of the lowest daily VWAP over the prior five trading days, with a fixed Floor Price of $0.338 per share, replacing the prior fixed $0.50 conversion price. The Reserve Amount for these notes was also set at 150% of maximum potentially issuable shares.
Key figures
- Vwap discount
- 95% of lowest daily VWAP over 5 trading days
- Reserve amount
- 150% of maximum issuable shares
- Hard floor price
- $0.338
- Sep 1 note principal
- $329,670.33
- Aug 12 note principal
- $714,285.71
- Sep 16 note principal
- $384,615.38
- April 2 note principal
- $555,555.55
- Prior conversion price
- $0.50
- April 20 note principal
- $1,111,111.11
- April 2 note purchase price
- $500,000.00
- April 20 note purchase price
- $1,000,000.00
- New conversion price floor above
- $1.20
AI analysis
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