Profusa lowers conversion price floor to $0.20 on NorthView Sponsor I note
PFSA•Profusa amended its agreement with NorthView Sponsor I, lowering the minimum conversion price on a note with up to $2.5 million in original principal from $4.28 to $0.20. Conversion shares remain based on 122% of the principal being converted divided by the conversion price.
1. Amended conversion terms
Profusa amended its Note Modification and Conversion Agreement with NorthView Sponsor I on November 5, 2026. The revised conversion price is the greater of $0.20 or the prior trading day's closing share price, replacing the $4.28 minimum.
2. Conversion details
The change applies to conversion notices delivered on or after the amendment's effective date, subject to stock-related adjustments. The underlying Promissory Note had an original principal amount of up to $2.5 million, and conversion shares remain calculated by dividing 122% of the principal amount being converted by the conversion price.
