Latest news with #Ascent
Business Insider
2 days ago
- Business
- Business Insider
Profusa Announces $100 Million Equity Line of Credit to Initiate Bitcoin Treasury Strategy
BERKELEY, Calif, July 21, 2025 (GLOBE NEWSWIRE) -- Profusa, Inc. ('Profusa' or the 'Company') (NASDAQ: PFSA), a commercial stage digital health company pioneering the next generation of technology platform enabling the continuous monitoring of an individual's biochemistry, today announced that it is initiating a Bitcoin treasury strategy via the execution of a Securities Purchase Agreement (the 'ELOC') with Ascent Partners Fund LLC, ('Ascent'), pursuant to which Ascent will purchase up to $100,000,000 of the Company's Common Stock. 100% of the net proceeds will be used to purchase Bitcoin (which can be used for debt repayment) provided that the Company's cash balance on the date of the put exceeds $5,000,000. Under the ELOC the Company will be able to put its shares of Common Stock to Ascent at a price per share equal to 97% of the lowest volume-weighted average price of the Common Stock ('VWAP') in the 5 trading days immediately after each such put. The maximum amount of each put will be lower of $5,000,000 and 100% of the average daily traded value of the Common Stock on the 5 trading days immediately preceding the date of such put. If the Company's cash balance at the time of any put under the ELOC is less than $5,000,000, the net proceeds shall be allocated first to bring the Company's cash balance to $5,000,000 and the remaining proceeds will be used to purchase Bitcoin, which will serve as the Company's primary treasury reserve asset. The ELOC will be subject to execution of definitive agreements and customary closing conditions. The number of shares issuable under the ELOC (including the number of shares subject to warrants to be issued to Ascent and described below) will be limited to 19.9% of the Company's number of issued and outstanding shares of Common Stock until shareholders approve the issuance of the total number of shares subject to the ELOC. In connection with the implementation of the ELOC the Company will issue cashless warrants to purchase 900,000 shares of the Company's Common Stock at an exercise price of $0.01 per share to Ascent. "As we continue on the journey to provide the best-in-class, AI-driven digital health platform for the benefit of chronic disease and health and wellness management, it is critical that we leverage opportunities to manage our resources to enable maximum shareholder value. In an era of accelerating monetary debasement, holding Bitcoin on our balance sheet represents a strategic move to safeguard shareholder value and align with a digital future. This strategy also aligns Profusa with leading adopters whose Bitcoin holdings have contributed to shareholder returns. We anticipate working with Ascent to establish a low cost, capital efficient, best of breed, Bitcoin treasury strategy reflecting our strong conviction in Bitcoin as the digital store of value for the future. We look forward to embarking on this treasury management strategy to accelerate our core mission,' said Ben Hwang, Ph.D., Profusa's Chairman and CEO. The Company anticipates its first Bitcoin purchases will occur this week and will disclose its Bitcoin holdings on a quarterly basis as part of its standard financial reporting. No Offer or Solicitation This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any offering of the securities under the ELOC will be made pursuant to a registration statement. ArentFox Schiff LLP acted as legal advisor to the Company, and Lucosky Brookman LLP acted as legal advisor to Ascent. About Profusa Based in Berkeley, Calif., Profusa is a commercial stage digital health company led by visionary scientific founders, an experienced management team and a world-class board of directors in the development of a new generation of tissue-integrated sensors to detect and continuously transmit actionable, medical-grade data for personal and medical use. With its long-lasting, injectable and affordable biosensors and its intelligent data platform, Profusa aims to provide people with a personalized biochemical signature rooted in data that clinicians can trust and rely on. 'LUMEE', 'PROFUSA' and the PROFUSA logo are registered trademarks of Profusa Inc. in the United States, Canada, European Union, China, Japan, South Korea and Australia. For more information, visit Special Note Regarding Forward-Looking Statements Certain statements in this press release (this 'Press Release') may be considered 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or future financial or operating performance of Profusa or the combined company. In some cases, you can identify forward-looking statements by terminology such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'propose,' 'seek,' 'should,' 'strive,' 'will,' or 'would' or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which may be beyond the control of Profusa and could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including risks regarding the highly volatile nature of the price of Bitcoin and other cryptocurrencies, as well as the risk that the Company's stock price may be highly correlated to the price of the digital assets that it holds. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Profusa and its management are inherently uncertain. Profusa cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. There are risks and uncertainties described in the definitive proxy/final prospectus relating to the business combination, which has been filed with the SEC, and described in other documents filed by Profusa from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Profusa cannot assure you that the forward-looking statements in this communication will prove to be accurate.
New Straits Times
12-07-2025
- Sport
- New Straits Times
Paper Rex's Valorant World Cup hopes end in semi-final defeat
KUALA LUMPUR: Malaysian star Ahmad Khalish Rusyaidee "d4v41" Nordin saw his hopes of reaching a second straight international final with Paper Rex (PRX) dashed after a 2-1 defeat to Fnatic in the Valorant semi-finals at the eSports World Cup in Riyadh on Saturday. The highly anticipated clash at the Esports Arena, Boulevard Riyadh City, featured two unbeaten teams reigniting their fierce rivalry following PRX's triumph over Fnatic in last month's Masters Grand Final in Toronto — a historic first international title for the team. This time, however, it was Fnatic's turn to take revenge. PRX started strong, claiming their map pick Sunset 13-10. But Fnatic bounced back in emphatic fashion on Ascent, crushing PRX 13-3 to level the series. With momentum firmly on their side, Fnatic raced to a 9-3 halftime lead in the decider, Split. Though PRX rallied late to close the gap to 10-8, Fnatic held their nerve to finish the match 13-8 and seal their place in the final. Despite the loss, Khalish and his teammates still have a chance to finish on the podium. PRX will take on either Gen.G (South Korea) or Team Heretics (Spain) in the third-place playoff on Sunday.
Tom's Guide
11-07-2025
- Business
- Tom's Guide
This Vitamix blender is so good my mom 'borrowed' mine — and it's $200 off right now for Prime Day
My love of Vitamix is well-documented. As soon as I got my hands on the brand's iconic Ascent series, it rocketed straight to the top of our best blender buying guide, and I've never looked back. But perhaps I'm becoming a little too influential, because as soon as I finished testing my beloved Vitamix, my mom swooped in and stole it. Ok, "borrowed", but it's turning into a long-term loan. Luckily for me, and my mom, the Ascent Series X3 is down by 31% to $449 in the Prime Day sale, and I think it's time she took the plunge and got one for herself. This really is a brilliant deal, and as my mom will attest, once you've tested a Vitamix blender you won't want to use any other. So I highly recommend you take advantage of this last-minute Prime Day deal and add it to your own Amazon basket. This is probably the best blender deal I've seen while trawling the internet for all the top discounts for Prime Day. While $449 is still a hefty price, it's the only blender you'll ever need to buy. Simply put, there's nothing this blender can't do. I've used it to make restaurant-quality dips and soups, and every smoothie I make in the Ascent blender comes out pulp-free and creamy. Because it's so powerful, you can actually add raw ingredients to this blender and put it into Soup mode, where it will blend for 12 minutes until you're left with a fully-cooked, piping hot soup. I did this with Vitamix's tomato soup recipe, and was stunned at how tasty it was. No raw onion sting or lukewarm finish, this was fully-cooked soup! Prime Day ends tonight, so I highly recommend you pick up this deal (and any others you have lingering in your basket) while there's still time. For more great savings on everything from robot vacuums to laptops, take a look at our Prime Day deals live blog.
Business Standard
07-07-2025
- Business
- Business Standard
VIP Clothing Limited Launches Youth-Centric Yuwa Series in Southern India South India
VMPL New Delhi [India], July 7: Following the successful launch of Frenchie X in Kerala, VIP Clothing Limited has further strengthened its presence in the southern market with the introduction of its youthful Yuwa Series. As part of its strategic growth plan, the Yuwa Series is tailored to appeal to India's young, style-conscious consumers, reinforcing the brand's commitment to offering bold and contemporary innerwear options across the region. The Yuwa Series brings together a powerful lineup of modern, expressive innerwear options under the trusted VIP umbrella. The range includes Maxer, Azure, Ascent, Univo, and now One Up -- a new, bold line of printed long trunks tailored for the expressive, fashion-forward youth who embrace individuality. All products are united under the vibrant tagline, "Confidence Starts with Comfort." The Yuwa Series includes: * Maxer: A sporty, dynamic printed mini trunk tailored for active comfort. * Azure: A sleek and ultra-light printed brief ideal for all-day wear. * Ascent: A premium mini trunk offering all-day ease and support. * Univo: A signature style brief with universal appeal. * One Up: A striking new range of printed long trunks made for Gen Z and millennials who aren't afraid to stand out This curated collection speaks directly to younger demographics, combining modern cuts, expressive designs, and premium fabric to create a line that's as bold, diverse, and confident as the generation it serves. Sunil Pathare, CMD of VIP Clothing Limited, commented that "The launch of the Yuwa Series, including our exciting new product One Up, is a major step forward in connecting with the youth of India. Today's generation is expressive and confident, and we're building our product offerings to resonate with their lifestyle and personality. The South Zone is a key market in this journey, and we're thrilled to start here." Devendra Vyas, CFO of VIP Clothing Limited, added that: "By launching youth-centric products like One Up under the VIP brand, we are creating greater value while strategically moving towards premiumization. This directly supports our long-term objectives of brand enhancement and margin expansion." With a legacy spanning over five decades, VIP Clothing Limited has consistently set industry benchmarks with its focus on innovation, quality, and relevance. While originally renowned for men's innerwear, the brand now offers a diversified portfolio including women's and teen collections, athleisure wear, and accessories. With the Yuwa Series and continued expansion, VIP Clothing Limited reinforces its commitment to being a lifestyle partner for young, modern India -- always evolving, always comfortable.
The Wire
07-07-2025
- Business
- The Wire
VIP Clothing Limited Launches Youth-Centric Yuwa Series in Southern India South India
7th July, 2025: Following the successful launch of Frenchie X in Kerala, VIP Clothing Limited has further strengthened its presence in the southern market with the introduction of its youthful Yuwa Series. As part of its strategic growth plan, the Yuwa Series is tailored to appeal to India's young, style-conscious consumers, reinforcing the brand's commitment to offering bold and contemporary innerwear options across the region. The Yuwa Series brings together a powerful lineup of modern, expressive innerwear options under the trusted VIP umbrella. The range includes Maxer, Azure, Ascent, Univo, and now One Up — a new, bold line of printed long trunks tailored for the expressive, fashion-forward youth who embrace individuality. All products are united under the vibrant tagline, 'Confidence Starts with Comfort.' The Yuwa Series includes: • Maxer: A sporty, dynamic printed mini trunk tailored for active comfort. • Azure: A sleek and ultra-light printed brief ideal for all-day wear. • Ascent: A premium mini trunk offering all-day ease and support. • Univo: A signature style brief with universal appeal. • One Up: A striking new range of printed long trunks made for Gen Z and millennials who aren't afraid to stand out This curated collection speaks directly to younger demographics, combining modern cuts, expressive designs, and premium fabric to create a line that's as bold, diverse, and confident as the generation it serves. Mr. Sunil Pathare, CMD of VIP Clothing Limited, commented that 'The launch of the Yuwa Series, including our exciting new product One Up, is a major step forward in connecting with the youth of India. Today's generation is expressive and confident, and we're building our product offerings to resonate with their lifestyle and personality. The South Zone is a key market in this journey, and we're thrilled to start here.' Mr. Devendra Vyas, CFO of VIP Clothing Limited, added that: 'By launching youth-centric products like One Up under the VIP brand, we are creating greater value while strategically moving towards premiumization. This directly supports our long-term objectives of brand enhancement and margin expansion.' With a legacy spanning over five decades, VIP Clothing Limited has consistently set industry benchmarks with its focus on innovation, quality, and relevance. While originally renowned for men's innerwear, the brand now offers a diversified portfolio including women's and teen collections, athleisure wear, and accessories. With the Yuwa Series and continued expansion, VIP Clothing Limited reinforces its commitment to being a lifestyle partner for young, modern India — always evolving, always comfortable. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.).
