Profusa Raises $700K Via $769K Ascent Convertible Note With 33% Offering Prepayment
PFSA is trading near its 52-week low of $1.18 (6.8% above the low) on light trading volume (0.2× avg).
Summary
Profusa issued a $769,230.77 senior secured convertible note to Ascent Partners for $700,000 cash, its third Ascent note since September, with a $4.28 conversion price, a $1.07 floor that can reset lower, and a 33% claim on future offering proceeds.
Key Events · Financing and Capital Events · PFSA
-
Third Ascent Convertible Note Issued
Profusa issued a $769,230.77 senior secured convertible note to Ascent Partners Fund LLC for $700,000 cash, issued at an original issue discount.
-
Conversion Price Far Above Market
The note converts at $4.28 per share against a $1.26 market price, with a $1.07 floor that automatically steps down to 20% of the prevailing price every six months.
-
33% Claim on Future Raises
Any subsequent offering requires Profusa to prepay 33% of net proceeds in cash, and monthly amortization of principal begins January 1, 2027.
-
Maturity Tied to G3 Vision Option
The note matures on the earlier of October 15, 2027 or the closing of the G3 Vision Labs option exercise.
Analysis · PFSA · Industrial Applications And Services
Profusa took another $700,000 from Ascent Partners Fund LLC, its existing secured lender, in the form of a $769,230.77 convertible note — the third such note in six weeks and the largest. The cash is oxygen for a company that reported only $0.7M of cash and going-concern doubt in its August 10-Q, but the terms are punitive: 7% interest (18% on default), conversion at $4.28 versus a $1.26 market price, a floor that can reset to 20% of the prevailing price every six months, and a requirement to hand Ascent 33% of the net proceeds of any future offering. Monthly amortization starts January 1, 2027, and the note matures early if the G3 Vision Labs option closes. This is survival financing that deepens the secured debt stack and adds a standing claim on future raises.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 38.8% of the 970 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.46%. 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 $1.26 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $775.2K. The 52-week trading range was $1.18 to $3,000.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.