Insiders Convert $1.3M Debt to 49.9% Stake in Profusa
PFSA has more than doubled off its 52-week low of $3.223.
Summary
Profusa insiders converted $1.3M of debt into a 49.9% equity stake, consolidating control following a reverse stock split.
Key Events · Ownership and Investor Activity · PFSA
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Debt Conversion to Equity
On August 12, 2026, NorthView Sponsor I, LLC converted $1,292,521 of principal into 1,207,965 shares at $1.07 per share.
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Post-Split Ownership
Following the 1-for-4 reverse split, the Sponsor holds 301,991 shares, representing 49.9% of Profusa's outstanding common stock.
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Insider Beneficial Ownership
Jack Stover and Fred Knechtel each beneficially own approximately 49.9% of outstanding shares through the Sponsor, with shared voting and dispositive power.
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Control Consolidation
The conversion consolidates insider control, with the Sponsor and its managers holding nearly half of the company's equity.
Analysis · PFSA · Industrial Applications And Services
On August 12, 2026, NorthView Sponsor I, LLC converted $1,292,521 of promissory note principal into 1,207,965 shares at $1.07 per share. Following the 1-for-4 reverse split, the Sponsor holds 301,991 shares, representing 49.9% of Profusa's outstanding common stock. Jack Stover and Fred Knechtel, managers of the Sponsor and officers of the issuer, each beneficially own approximately 49.9% through the Sponsor. This conversion significantly consolidates insider ownership and control, and the filing provides the first public disclosure of this material transaction.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PFSA was trading at $13.10 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.6M. The 52-week trading range was $3.22 to $5,190.01. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.