debt
confidence high
sentiment neutral
materiality 0.60
Profusa Issues $1.11M Convertible Note and Warrant to Ascent Partners Fund LLC
Profusa, Inc.
- Issued $1,111,111.11 principal Senior Secured Convertible Promissory Note to Ascent Partners Fund LLC for $1,000,000 purchase price, maturing April 20, 2027, with 12% annual interest.
- Issued warrant to purchase up to 3,333,333 shares of common stock at $0.50 per share, exercisable for five years.
- Ascent entered into a 120-day lock-up agreement for shares underlying the warrant, expiring August 22, 2026.
- Side letter with Ascent waived certain defaults and increased warrant shares from 1,111,111 to 3,333,333.
- Note is secured by substantially all of Profusa's assets; conversion price $0.50 per share with 4.99% beneficial ownership limitation.