secwatch.observer — SEC 8-K summary
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Issuer:     Profusa, Inc. (PFSA)
CIK:        0001859807
Form:       8-K
Filed at:   2026-08-21T20:05:47+00:00
Accession:  0001213900-26-092597
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Profusa issues $714k convertible note; Ascent warrant price cut to $1.07; $6.1M notes exchanged for preferred stock
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- Aug 12, 2026: issued $714,285.72 senior secured convertible note to Ascent for $650,000, 7% interest, matures Aug 12, 2027, with OID.
- Conversion price $1.07/share; floor $1.07; monthly amortization starts Dec 1, 2026; 33% mandatory prepay from subsequent offerings.
- Amendment No. 5 lowers Ascent warrant exercise price to $1.07/share and adds a new form of Note (Exhibit A-3).
- Exchange Agreement Aug 19, 2026: Ascent $6,137,958.66 outstanding (principal $5,529,722.96 + interest $608,235.70) exchanged for Series A Preferred at effective $4.28/share.
- Exchange is contingent on closing of Company option under July 31, 2026 Option Agreement with multiple acquirers; exempt under Section 3(a)(9).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859807/000121390026092597/0001213900-26-092597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859807/000121390026092597/ea0302799-8k_profusa.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-092597

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