Odaily Planet Daily News: Commercial stage digital health company Profusa (NASDAQ: PFSA) today announced a securities purchase agreement with Ascent Partners Fund LLC (referred to as "Ascent"), which will raise up to $100 million through the issuance of common stock, with net proceeds fully used to purchase Bitcoin (for debt repayment), provided that the company's cash balance at the time of the equity sale is above $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) over the 5 trading days following each sale. The maximum single sale amount is $5 million or 100% of the average daily trading volume of the 5 trading days before the sale (whichever is lower). If the company's cash balance is below $5 million, the net proceeds will be prioritized to replenish that amount, with the remaining funds used to acquire Bitcoin as a core reserve asset. (Business Insider)

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