Profusa Secures $300K Convertible Note from Ascent Partners
PFSA is trading near its 52-week low of $2.74 (10% above the low).
Summary
Profusa issued a $300K senior secured convertible note to Ascent Partners, adding debt with a $4.28 conversion price, $1.07 floor, and 33% mandatory prepayment on future offerings.
Key Events · Financing and Capital Events · PFSA
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New $300K Secured Convertible Note
Profusa issued a senior secured convertible note to Ascent Partners Fund LLC for $300,000, with principal of $329,670.33 reflecting original issue discount.
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Conversion Terms Favor Lender
Note converts at $4.28 per share with a $1.07 floor price that can reset lower every six months, giving the holder downside protection if the stock falls.
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Mandatory 33% Prepayment on Future Raises
Any subsequent offering triggers a mandatory prepayment of 33% of net proceeds, potentially constraining future capital raises.
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Secured by All Assets
The note is secured by substantially all of Profusa's assets, subordinating other creditors and increasing risk for equity holders.
Analysis · PFSA · Industrial Applications And Services
Profusa raised $300,000 through a senior secured convertible note with Ascent Partners Fund LLC, carrying a $329,670.33 principal amount due to original issue discount. The note converts at $4.28 per share — above today's $3.02 price — but includes a $1.07 floor price that can reset lower every six months, plus a mandatory 33% prepayment from any future offering proceeds. Against a backdrop of $0.7M cash and going-concern doubts, this is survival financing with terms that give the lender significant downside protection and could pressure future capital raises.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.6% of the 1805 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $3.02 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.8M. The 52-week trading range was $2.74 to $4,500.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.