---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-112761"
form_type: "8-K"
ticker: "PFSA"
cik: "0001859807"
company_name: "Profusa, Inc."
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T18:11:25.046689+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# Profusa cuts net debt to $14M, gives 2026-2030 revenue targets

## Summary
- Net debt reduced from $48M to $16M in Q3 2025 and to $14M as of Oct 31, 2025.
- Raised $12M from convertible PIPE note ($10M available) and $7M from ELOC ($93M remaining).
- Completed reverse recapitalization with NorthView; Profusa equity value $155M.
- Manufacturing build-out complete; product shipments and revenue expected in early 2026.
- Seeks $200-250M revenue by 2030; near-term: 2026 potential $0.5-2M, 2027 potential $9-13M.

## SEC filing metadata
- accession: 0001213900-25-112761
- form_type: 8-K
- ticker: PFSA
- cik: 0001859807
- company_name: Profusa, Inc.
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- confidence: medium
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859807/000121390025112761/0001213900-25-112761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859807/000121390025112761/ea0265666-8k_profusa.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-112761
- JSON: https://secwatch.observer/filing/0001213900-25-112761.json
- Plain text: https://secwatch.observer/filing/0001213900-25-112761.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.