Profusa, Inc. (PFSA)
CIK 1859807 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 4.7M shares as of May 13, 2026 (10-Q). Share count fell from 65.7M to 4.4M between Nov 18, 2025 and Apr 14, 2026, a pattern consistent with a reverse split (roughly 1-for-15); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Warrant | 17.5M | not tagged | — | — |
| Public Warrant | 9.5M | not tagged | — | — |
| Private Placement Warrants | 7.3M | $862.5 | — | FV $37,000 |
| Ascent Warrant | 3.3M | not tagged | — | — |
| Representatives Warrants | 569,250 | $862.5 | — | FV $3,000 |
| HCW Warrants | 132,500 | $0.75 | — | — |
| Public Warrants | 126,500 | $862.5 | — | — |
| ELOC Warrants | 12,000 | not tagged | — | — |
| Warrants Liabilities | not tagged | not tagged | — | FV $40,000 |
Tranches exactly as the company dimensioned them in its 10-Q filed May 15, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 17.4M underlying shares, as reported Dec 31, 2022 (10-K).
Reported exercise price: $11.5 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $40,000 as of Mar 31, 2026.
Rough fully diluted estimate: 22.1M = 4.7M O/S + 17.4M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| PIPE Convertible Note | $10.5M | — | not tagged | — | — |
| Tasly Convertible Debt Related Party | not tagged | $2.5M | not tagged | 24% | — |
| Tasly Convertible Note | not tagged | $2.3M | not tagged | — | — |
| Convertible Promissory Note | not tagged | $1.9M | not tagged | — | — |
| Senior Note | not tagged | $100,000 | not tagged | 0%-12% | — |
Notes exactly as the company dimensioned them in its 10-Q filed May 15, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 4.7M | May 13, 2026 |
| + Warrant (if exercised) | 17.5M | Mar 31, 2026 |
| + Public Warrant (if exercised) | 9.5M | Mar 31, 2026 |
| + Private Placement Warrants (if exercised) | 7.3M | Mar 31, 2026 |
| + Ascent Warrant (if exercised) | 3.3M | Apr 2, 2026 |
| + Representatives Warrants (if exercised) | 569,250 | Mar 31, 2026 |
| + HCW Warrants (if exercised) | 132,500 | Mar 31, 2026 |
| + Public Warrants (if exercised) | 126,500 | Mar 31, 2026 |
| + ELOC Warrants (if exercised) | 12,000 | Jul 20, 2025 |
| Fully diluted estimate | 43.2M | +827.1% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $353.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 3 executed · 11 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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