other_material
confidence high
sentiment neutral
materiality 0.55
Profusa submits advance notice under equity line; price at 97% of lowest VWAP, cap $300k, 9.99% of shares
Profusa, Inc.
- Advance Notice submitted to Ascent Partners Fund LLC for purchase of common stock under equity line arrangement.
- Terms: up to 9.99% of shares outstanding per advance, capped at $300,000 per notice.
- Purchase price set at 97% of lowest VWAP over ten trading days prior to advance date.
- True-Up Mechanism: additional shares issued if adjusted price during sale period is lower than closing price.
- Payment to occur upon share delivery, not upon Ascent's exit.
item 8.01