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Profusa issues USD 384,615 senior secured convertible note to Ascent Partners Fund

PUBT·09/16/2026 10:12:24
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Profusa issues USD 384,615 senior secured convertible note to Ascent Partners Fund
  • Profusa completed an additional closing under its Feb. 11, 2025 securities purchase agreement with Ascent Partners Fund.
  • Issued a Senior Secured Convertible Promissory Note with USD 384,615.38 principal for USD 350,000, reflecting original issue discount.
  • Note matures on Sept. 16, 2027, or earlier on the Option Closing Date; bears 7% annual interest, payable monthly.
  • Convertible at holder’s option at USD 4.28 per share, with a floor price of USD 1.07; ownership cap 4.99%, expandable to 9.99%.
  • Secured by substantially all assets; default rate rises to 18%, with potential acceleration; mandatory prepayment set at 33% of subsequent offering proceeds.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Profusa Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-100304), on September 16, 2026, and is solely responsible for the information contained therein.