
Profusa Updates Financing Terms: Note Now Convertible; 19.99% Cap Added; Warrant Amended

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Profusa has updated its financing terms to enhance flexibility and comply with Nasdaq rules. The company modified its promissory note with NorthView Sponsor I, maintaining $1.87M outstanding, removing interest, and extending maturity to Dec 31, 2026, with an equity conversion at 95% of the closing price or $0.35 per share, subject to a 19.99% cap. Additionally, Profusa amended a warrant with Ascent Partners Fund to remove automatic conversion provisions. Shareholder approval will be sought within 90 days for the exchange cap.
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