debt
confidence high
sentiment neutral
materiality 0.40
Profusa amends Ascent notes: floor set at $0.338/share, minimum conversion price $1.20
Profusa, Inc.
- Amendment No. 1 dated Oct. 4, 2026 covers Profusa's $555,555.55 April 2 note and $1,111,111.11 April 20 note, both held by Ascent Partners Fund LLC.
- Conversion Price changed from a fixed $0.50 to the greater of $1.20 and 95% of the lowest 5-day VWAP; Floor Price set at $0.338 per share.
- Reserve Amount for the amended April Notes becomes 150% of the maximum shares issuable under the transaction documents.
- Ascent waived anti-dilution Sections 5(b) and 5(c) on the $714,285.71 (Aug. 12, 2026), $329,670.33 (Sept. 1, 2026) and $384,615.38 (Sept. 16, 2026) notes.
- Deal is effective only once all Obligations due are paid; Ascent may terminate if that does not occur within two business days of signing.