InvestmentMay 18, 2026, 05:32 PM
Profusa Requests Share Purchase from Ascent Under Equity Line
AI Summary
Profusa, Inc. submitted an Advance Notice to Ascent Partners Fund LLC on May 18, 2026, requesting the purchase of common stock under their existing equity line of credit. The agreement for May 2026 Advance Notices specifies that Ascent will purchase up to 9.99% of outstanding shares, with a $300,000 cap per notice. Ascent will fund 97% of the lowest VWAP from the prior ten trading days upon share delivery, and a True-Up Mechanism is included for potential price adjustments.
Key Highlights
- Profusa submitted an Advance Notice to Ascent Partners Fund LLC on May 18, 2026.
- Request for Ascent to purchase shares under an equity line of credit arrangement.
- Advance Notice allows for up to 9.99% of shares outstanding, capped at $300,000 per notice.
- Purchase price funded upon delivery of shares to Ascent prior to the end of the pricing period.
- Ascent to remit 97% of the lowest volume-weighted average price (VWAP) from the ten trading days prior to the Advance Notice date.
- Includes a True-Up Mechanism for price adjustment, potentially issuing additional shares to Ascent.
Price Impact
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