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Profusa resets conversion terms on senior secured convertible debt, sets $0.338 per-share floor price
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Profusa resets conversion terms on senior secured convertible debt, sets $0.338 per-share floor price
  • Profusa amended two senior secured convertible promissory notes with Ascent Partners Fund LLC issued in April 2026.
  • Conversion price reset to the greater of $1.20 or 95% of the lowest five-day VWAP, subject to a $0.338 floor.
  • Floor price replaced with a fixed $0.338 per share, limiting downside on the VWAP-based conversion formula.
  • Share reserve for each amended note set at 150% of maximum shares issuable, assuming conversion at the floor price.
  • Ascent waived anti-dilution provisions on three other 2026 notes, leaving their remaining terms unchanged.


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: 0001213900-26-106610), on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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