debt
confidence high
sentiment neutral
materiality 0.60
Profusa enters Amendment No. 3 to SPA; third tranche up to $5.56M principal, floor price $0.35
Profusa, Inc.
- Third tranche: up to $5,555,556 principal for $5M purchase price; requires zero balance on prior tranches, Nasdaq listing, and stockholder approval.
- Floor price raised to $0.35 per share (from $0.14) – conversion price cannot be less than $0.35.
- Mandatory prepayment for equity line of credit: 33.3% (existing S-1) or 50% (future S-1) of net proceeds.
- If Nasdaq deficiency notice exists, third tranche reduced to $3,333,333.60 principal for $3M purchase price.