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Publicly traded Profusa signs $100 million equity credit agreement to launch Bitcoin Treasury strategy
Odaily News Nasdaq-listed digital health company Profusa (stock code: PFSA) announced that it has signed an equity credit agreement with Ascent Partners Fund LLC to raise up to $100 million through the issuance of common stock.
The company said that the net proceeds from the financing will be used entirely to purchase Bitcoin (and can also be used to repay debt), provided that the companys cash balance is greater than $5 million when the equity sale is executed. This agreement marks the official launch of Profusas Bitcoin treasury strategy. (Business Insider)
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