other_material
confidence high
sentiment negative
materiality 0.75
Profusa amends equity facility to lower floor price to $0.111/share, eliminates amortization on convertible note
Profusa, Inc.
- SPA Amendment lowers Floor Price to $0.111/share for up to 13.65M shares during Modification Period ending upon reverse stock split (expected Jan 2026).
- After modification period, Floor Price reverts to $0.14/share, the original 20% of July 25, 2025 closing price.
- Amendment No. 2 to convertible note eliminates monthly amortization payments, reducing near-term cash obligations.
- Mandatory prepayment for any future Equity Line of Credit increased from 17.5% to 33.3% of net proceeds.
- Both amendments effective Dec 22, 2025; company plans reverse stock split vote in January 2026.