Profusa Amends Securities Purchase Agreement For $555,556 Senior Secured Convertible Promissory Note To Value Conversion Price On Any Conversion Date At The Greater Of $1.20 Or 95% Of The Lowest Daily Share VWAP During Five Trading Days Immediately Preceding Conversion
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Why It Matters
Profusa changed the terms of a loan it took out. The company set a lower price for when the loan turns into stock shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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