Profusa issues $769,230.77 in senior secured convertible debt
PFSA•Profusa issued a $769,230.77 senior secured convertible note to Ascent Partners Fund on October 15, 2026, raising $700,000 at an original issue discount. The note carries 7% annual interest and is convertible at $4.28 per share, subject to adjustments.
1. Note terms
The note matures on the earlier of October 15, 2027, or the closing of the company’s option exercise under its Option Agreement. Interest rises to 18% upon default, subject to legal limits. Monthly principal payments begin January 1, 2027, and 33% of net proceeds from subsequent offerings must be used for mandatory cash prepayments.
