Profusa resets convertible debt terms, sets $0.338 per-share floor
PFSA•Profusa amended two senior secured convertible notes issued to Ascent Partners Fund in April 2026, resetting the conversion price to the greater of $1.20 or 95% of the lowest five-day VWAP, subject to a $0.338 per-share floor.
1. Amended note terms
The amended notes reserve shares equal to 150% of the maximum shares issuable, assuming conversion at the floor price. Ascent also waived anti-dilution provisions on three other 2026 notes, whose remaining terms are unchanged.
