Profusa issues $769,230.77 in senior secured convertible debt

Bitget2026/10/15 10:11

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Profusa issued a $769,230.77 Senior Secured Convertible Promissory Note to Ascent Partners Fund on October 15, 2026.
The note raised $700,000 at an original issue discount; annual interest is 7%, rising to 18% upon default, subject to legal limits.
Maturity is the earlier of October 15, 2027, or the closing of the company's option exercise under its Option Agreement.
Ascent may convert the note into common stock at $4.28 per share, subject to adjustments, with an initial $1.07 floor.
Monthly principal payments begin January 1, 2027; 33% of net proceeds from subsequent offerings must fund mandatory cash prepayments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Profusa Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-109558), on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/08 12:41