Profusa has reached an equity credit agreement with Ascent Partners Fund LLC, allowing for up to $100 million in common stock issuance, with proceeds earmarked for Bitcoin purchases, contingent on a cash balance above $5 million.
Profusa announced an equity credit agreement with Ascent Partners Fund LLC to raise up to $100 million through common stock issuance. The net proceeds will be used for Bitcoin purchases, contingent upon maintaining a cash balance over $5 million during the equity sale, reflecting a strategic shift towards digital asset investment.