Profusa Issues $384K Convertible Note at $4.28 Conversion Price Amid Cash Crunch
PFSA is trading near its 52-week low of $1.77 (4.5% above the low).
Summary
Profusa issued a $384,615 senior secured convertible note to Ascent Partners Fund LLC for $350,000 in cash, with a $4.28 conversion price and a $1.07 floor price. The financing is secured by substantially all company assets and includes mandatory prepayment of 33% of future offering proceeds.
Key Events · Financing and Capital Events · PFSA
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Convertible Note Issued
Profusa issued a $384,615.38 senior secured convertible note to Ascent Partners Fund LLC for $350,000 cash, reflecting a 9% original issue discount.
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Conversion Terms
The note converts at $4.28 per share, but the stock trades at $1.85 today. A floor price of $1.07 and a dilutive issuance clause allow the conversion price to reset lower if the company issues shares at a lower price.
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Security and Prepayment
The note is secured by substantially all company assets. The company must prepay 33% of net proceeds from any future offering, and monthly amortization payments begin January 1, 2027.
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Cash Crunch Context
Profusa had only $0.7M in cash as of Q2 2026 with going concern doubts. This financing provides runway but adds significant dilution risk and a secured creditor with priority over existing shareholders.
Analysis · PFSA · Industrial Applications And Services
Profusa raised $350,000 in gross proceeds through a senior secured convertible note with Ascent Partners Fund LLC, but the terms are highly dilutive and reflect the company's distressed position. The note carries a $4.28 conversion price, yet the stock trades at $1.85 today — meaning the holder can convert at a price more than double the current market, which would be economically irrational unless the conversion price adjusts downward. The note includes a floor price of $1.07 and a dilutive issuance clause that automatically lowers the conversion price if the company issues shares at a lower price. With only $0.7M in cash as of Q2 2026 and going concern doubts, this financing is critical for survival but comes with significant overhang and potential for massive dilution if the stock price remains depressed.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 35.7% of the 1179 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. 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 $1.85 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.1M. The 52-week trading range was $1.77 to $3,236.26. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.