Watch for the Option Closing under the July 31, 2026 Option Agreement, which could accelerate the note's maturity. Also monitor for any subsequent offerings that would trigger mandatory prepayment of 33% of net proceeds. The activist context (SC 13D) raises the stakes — this financing may be a bridge to a larger strategic transaction.
Price Chart
Executive Summary
Profusa issued a $769,231 senior secured convertible promissory note to Ascent Partners Fund LLC for $700,000 in cash (with original issue discount), creating new debt and potential future dilution. The note carries a 7% interest rate, a conversion price of $4.28 (floor $1.07), monthly amortization starting January 2027, and is secured by company assets. This financing follows an activist SC 13D filing 56 days prior, suggesting the capital raise may be a response to activist pressure.
Key Financial Metrics
Key Facts
- Principal amount of $769,230.77 issued for $700,000 purchase price (9% OID)
- Conversion price of $4.28 per share, with floor price of $1.07 that ratchets down every 6 months
- Monthly amortization payments begin January 1, 2027
- Mandatory prepayment of 33% of net proceeds from any subsequent offering
- Note is senior secured, ranking pari passu with other notes under the Purchase Agreement
- Issued 56 days after activist SC 13D filing by NorthView Sponsor I, LLC and related parties
Financial Impact
New debt of $769,231 with $700,000 net proceeds; potential dilution from conversion at $4.28/share (floor $1.07) and monthly amortization payments payable in stock
Risk Factors
- Potential severe dilution if stock price falls below conversion price and Ascent converts at floor price
- Monthly amortization payments could strain cash if not paid in stock
- Cross-default triggers on other indebtedness above $200,000
- Activist pressure may force unfavorable strategic actions
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-109558 |
| Document: ea0308701-8k_profusa.htm | 0001213900-26-109558 |
| Document: 0001213900-26-109558-index-headers.html | 0001213900-26-109558 |
| Document: 0001213900-26-109558-index.html | 0001213900-26-109558 |
| Document: 0001213900-26-109558.txt | 0001213900-26-109558 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $1.07 $1.02 | ▼ −4.67% | ▼ −3.66% | $0.7797 (−27.13%) |
Oct 15, 2026 11d ago | 8-K | $1.07 $1.02 | ▲ +4.67% | ▲ +3.66% | $0.7797 (+27.13%) |
Oct 9, 2026 17d ago | 8-K | $1.30 $0.9002 | ▲ +30.75% | ▲ +29.26% | $0.7797 (+40.02%) |
Oct 5, 2026 21d ago | 8-K | $1.75 $1.30 | ▼ −25.71% | ▼ −26.14% | $0.7797 (−55.45%) |
Sep 24, 2026 4w ago | Press Release | $3.03 $1.87 | ▼ −38.28% | ▼ −37.87% | $0.7797 (−74.27%) |
Sep 16, 2026 5w ago | 8-K | $1.78 $2.05 | ▼ −15.17% | ▼ −12.61% | $0.7797 (+56.20%) |
Sep 15, 2026 5w ago | 8-K | $1.83 $1.91 | ▲ +4.37% | ▲ +3.55% | $0.7797 (−57.39%) |
Sep 1, 2026 7w ago | 8-K | $2.88 $2.47 | ▲ +14.24% | ▲ +14.32% | $0.7797 (+72.93%) |
Aug 31, 2026 8w ago | 8-K | $3.00 $2.88 | ▼ −4.00% | ▼ −3.86% | $0.7797 (−74.01%) |
Aug 20, 2026 9w ago | 8-K | $7.57 $4.24 | ▲ +43.99% | ▲ +45.10% | $0.7797 (+89.70%) |
US Market Status
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