secwatch.observer — SEC 8-K summary
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Issuer:     Profusa, Inc. (PFSA)
CIK:        0001859807
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001213900-25-124826
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Profusa amends equity facility to lower floor price to $0.111/share, eliminates amortization on convertible note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859807/000121390025124826/0001213900-25-124826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859807/000121390025124826/ea0270772-8k_profusa.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-124826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer