secwatch.observer — SEC 8-K summary
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Issuer:     Profusa, Inc. (PFSA)
CIK:        0001859807
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001213900-25-080457
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Profusa amends convertible note deal: four tranches totaling $22.2M; conversion price reset with floor
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- Restructured SPA into four tranches: $10M (closed July 11), $2.22M, $5.56M, $4.44M; aggregate $22.2M principal.
- Conversion price now lower of original or 95% of lowest 10-day VWAP; floor set at 20% of Aug 22 closing price.
- Additional closings contingent on S-1 effectiveness, no Nasdaq deficiency, stockholder approval (proxy due Sept 5, 2025).
- Notes priced at 90% of face value ($20M total purchase price for $22.22M principal); company released claims.
- SPA amendment includes stockholder approval requirement; company must file definitive proxy by September 5, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859807/000121390025080457/0001213900-25-080457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859807/000121390025080457/ea0254564-8k_profusa.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-080457

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