BlockBeats news, July 21st, according to businessinsider, 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"), which will raise up to $100 million through the issuance of common stock and fully use the net proceeds to purchase Bitcoin (which can be used for debt repayment), provided that the company's cash balance at the time of executing 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 per share of 97% of the lowest volume weighted average price (VWAP) within 5 trading days after each sale. The maximum limit for a single sale is $5 million or 100% of the average daily trading volume for the 5 trading days prior to the sale date, whichever is lower. If the company's cash balance is less than $5 million, the net income will be prioritized to make up for this amount, and the remaining funds will be used to allocate Bitcoin as a core reserve asset.