debt
confidence high
sentiment neutral
materiality 0.50
Profusa issues $329,670 convertible note to Ascent Partners; 7% interest, $4.28 conversion
Profusa, Inc.
- Issued $329,670.33 principal senior secured convertible note to Ascent Partners Fund LLC for $300,000 (9% OID).
- Note bears 7% annual interest, matures Sept 1, 2027, convertible at $4.28/share with $1.07 floor price.
- Secured by substantially all assets; mandatory prepayment of 33% of net proceeds from subsequent offerings.
- Monthly amortization begins Jan 1, 2027; default rate 18% on event of default.