Profusa signs a $100 million equity credit agreement in the US stock market, launching the Bitcoin asset library strategy.

BlockBeats news, on July 21, according to a report by businessinsider, the commercial-stage digital health company Profusa (NASDAQ: PFSA) announced today that it has reached a securities purchase agreement (equity credit agreement) with Ascent Partners Fund LLC (referred to as “Ascent”) to finance up to $100 million through the issuance of common stock, with the net proceeds fully allocated to the purchase of Bitcoin (which can be used for debt repayment), provided that the company’s cash balance at the time of the equity sale exceeds $5 million. According to the terms of the agreement, Profusa has the right to sell common stock to Ascent at a price equal to 97% of the volume weighted average price (VWAP) for the 5 trading days following each sale. The maximum amount for a single sale is $5 million or 100% of the average daily trading volume for the 5 trading days prior to the sale (whichever is lower). If the company’s cash balance falls below $5 million, the net proceeds will be prioritized to cover that amount, with any remaining funds allocated for Bitcoin as a core reserve asset.