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- 97% Of Lowest Vwap (new) — Company selling equity at 3% discount to its own recent worst trading prices signals weak negotiating position and urgent capital need.
- True-Up Mechanism (new) — Downside protection for buyer means unlimited dilution risk for shareholders if stock declines during Ascent's selling period.
Profusa draws on equity line with 3% discount, adds downside protection for investor
Filed May 18, 2026 · Period ending May 18, 2026 · ~1 min read
Key Changes
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high
Company requested share purchase from Ascent Partners under existing equity facility, priced at 97% of lowest 10-day trading price—a 3% discount to recent lows.
Item 8.01 verify on EDGAR → -
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New True-Up Mechanism requires issuing additional shares to Ascent if stock falls while they sell, shifting downside risk entirely to existing shareholders through extra dilution.
Item 8.01 verify on EDGAR → -
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Draw capped at 9.99% of outstanding shares or $300,000, whichever is lower, with payment accelerated to share delivery rather than Ascent's eventual exit.
Item 8.01 verify on EDGAR →
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Generated by AI · May 28, 2026 4:07 PM