This is a distressed financing at punitive terms (OID, secured, mandatory prepayment). Monitor for cash burn rate and ability to meet January 2027 amortization payments. The Option Closing Date (from July 31, 2026 Option Agreement) could accelerate maturity if exercised. Watch for subsequent offerings that would trigger 33% mandatory prepayment.
Price Chart
Executive Summary
Profusa issued a $384,615.38 senior secured convertible promissory note to Ascent Partners Fund LLC for $350,000, reflecting original issue discount. The note matures September 16, 2027, bears 7% interest, and is convertible at $4.28/share with a $1.07 floor price. This distressed financing adds secured debt and potential dilution for a micro-cap company with a $1M market cap.
Key Financial Metrics
Key Facts
- Issued $384,615.38 principal note for $350,000 (9.9% OID) to Ascent Partners Fund LLC
- Note matures September 16, 2027, convertible at $4.28/share with $1.07 floor price
- Monthly amortization payments begin January 1, 2027; 33% of any future offering proceeds must prepay note
- Obligations secured by substantially all company assets under prior security agreements
- Company market cap is $1M; this financing is ~35% of market cap
Financial Impact
New debt of $384,615.38 principal ($350,000 net) represents ~35% of the company's $1M market cap. The 7% interest and monthly amortization schedule add significant cash burden.
Risk Factors
- Default risk on monthly amortization payments starting January 2027
- Severe dilution if note converted at $4.28 vs likely much lower market price
- Secured debt structure gives lender priority over all assets
- Mandatory prepayment clause could hamper future fundraising efforts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (PFSA) — Batch item 1 | 0001213900-26-100304 |
| Document: ea0305651-8k_profusa.htm | 0001213900-26-100304 |
| Document: 0001213900-26-100304-index-headers.html | 0001213900-26-100304 |
| Document: 0001213900-26-100304-index.html | 0001213900-26-100304 |
| Document: 0001213900-26-100304.txt | 0001213900-26-100304 |
| 8-K Filing (PFSA) — Batch item 6 | 0001213900-26-100304 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $1.07 $1.02 | ▼ −4.67% | ▼ −3.66% | $0.7800 (−27.10%) |
Oct 15, 2026 12d ago | 8-K | $1.07 $1.02 | ▲ +4.67% | ▲ +3.66% | $0.7800 (+27.10%) |
Oct 9, 2026 17d ago | 8-K | $1.30 $0.9002 | ▲ +30.75% | ▲ +29.26% | $0.7800 (+40.00%) |
Oct 5, 2026 22d ago | 8-K | $1.75 $1.30 | ▼ −25.71% | ▼ −26.14% | $0.7800 (−55.43%) |
Sep 24, 2026 4w ago | Press Release | $3.03 $1.87 | ▼ −38.28% | ▼ −37.87% | $0.7800 (−74.26%) |
Sep 16, 2026 5w ago | 8-K | $1.78 $2.05 | ▼ −15.17% | ▼ −12.61% | $0.7800 (+56.18%) |
Sep 15, 2026 6w ago | 8-K | $1.83 $1.91 | ▲ +4.37% | ▲ +3.55% | $0.7800 (−57.38%) |
Sep 1, 2026 7w ago | 8-K | $2.88 $2.47 | ▲ +14.24% | ▲ +14.32% | $0.7800 (+72.92%) |
Aug 31, 2026 8w ago | 8-K | $3.00 $2.88 | ▼ −4.00% | ▼ −3.86% | $0.7800 (−74.00%) |
Aug 20, 2026 9w ago | 8-K | $7.57 $4.24 | ▲ +43.99% | ▲ +45.10% | $0.7800 (+89.70%) |
US Market Status
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