FilingFirehose · custom report

PFSA — Profusa, Inc.

SEC filings analysis · 17 filings reviewed (last 12 months) · generated 2026-09-07 14:05 UTC

Executive summary

Profusa has filed 17 8-K forms over the past 12 months, with recurring activity in material agreements (Item 1.01), bankruptcy/receivership (Item 2.03), bylaws/charter amendments (Items 3.01–3.03), and cost-associated events (Items 5.02–5.07). The most recent filings (April–May 2026) cluster around acquisition/business combination activity (Items 1.01 and 2.03), suggesting potential material corporate restructuring. No explicit shelf offerings, ATM programs, or quantified dilution events are disclosed in the 8-K sample, but the high frequency of governance and agreement amendments warrants scrutiny of the full filing text for hidden dilution or capital raise mechanics.

Dilution risk 2/5

No direct equity issuances, ATM offerings, or stock-based compensation cliff events are disclosed in the 8-K headers. However, repeated Items 1.01 (material agreements), 3.01–3.03 (charter/bylaw amendments), and 5.03 (cost-associated events) suggest potential restructuring that could involve equity consideration or capital raises not yet visible in these brief form headers. The 'buried_json' field indicates some Items are filed under 'Other' (8.01) headers rather than their proper category, suggesting material content may not be immediately transparent.

Accession 0001213900-26-049432: Item 1.01 (material agreement) and Item 3.03 (charter/bylaw) filed 2026-04-29
Accession 0001213900-26-048039: Item 1.01 and Item 3.02 filed 2026-04-27, with buried_json indicating 1.01 under 8.01
Accession 0001213900-26-084064: Item 1.01, Item 5.03 (costs), and Item 7.01 (bankruptcy proceedings) filed 2026-07-31
Accession 0001213900-26-070970: Item 5.07 (costs) with buried content indicating Items 1.01 and 3.01 substance filed 2026-06-23

Notable filings (8)

2026-04-29 8-K	Material agreement execution (Item 1.01) and charter/bylaw amendments (Item 3.03) disclosed simultaneously. · filing Suggests a material transaction or restructuring accompanied by governance changes. May indicate a merger, acquisition, or significant partnership with capital implications.
2026-04-27 8-K	Material agreement (Item 1.01) and off-balance sheet arrangements (Item 3.02) reported, with related filing discrepancies noted. · filing Off-balance sheet arrangements alongside a material agreement may indicate complex financing, lease, or structured finance arrangements not immediately obvious from balance sheet.
2026-07-31 8-K	Material agreement (Item 1.01), costs associated with exit or disposal (Item 5.03), bankruptcy proceedings (Item 7.01), and related party transactions (Item 8.01). · filing Filing signals potential financial distress, restructuring, asset sale, or emergence from bankruptcy. Multiple concurrent items suggest a comprehensive corporate event.
2026-08-21 8-K	Material agreement (Item 1.01), costs (Item 2.03, likely debt restructuring), off-balance sheet arrangements (Item 3.02), and corporate cost events (Item 9.01). · filing Clustering of cost-related and agreement items suggests debt restructuring, spin-off, or significant operational realignment.
2026-08-13 8-K	Charter/bylaw amendments (Item 3.03), costs associated with events (Item 5.03), and related party transactions (Item 8.01). · filing Governance changes coupled with cost events and related-party dealings may indicate insider transactions or capital structure adjustments.
2026-06-23 8-K	Item 5.07 (costs associated with termination) with buried content indicating material agreements (Item 1.01) and charter amendments (Item 3.01). · filing Termination or exit event tied to material agreements and governance changes. Likely cost and potential restructuring implications.
2026-05-26 8-K	Material agreement (Item 1.01) reported with filing documentation (Item 9.01). · filing Disclosure of a material agreement. Without access to the full text, the nature and magnitude of the agreement remain unclear.
2026-05-15 8-K	Related party transactions or other events (Item 8.01) with charter/bylaw amendments buried within the filing (Item 3.01). · filing Governance changes treated as 'other' events rather than explicitly disclosed, raising transparency concerns.

Financing activity

No shelf offerings, ATM programs, or explicit equity financing events are identified in the 8-K form headers. However, the recurring Item 1.01 (material agreements) and Item 5.03 (cost-associated events) filings suggest potential financing or capital restructuring activity that may be documented in full exhibit filings not detailed in this summary.

Risk signals

High frequency of Item 1.01 (material agreements) and Item 2.03 (bankruptcy/receivership) filings in April–September 2026 suggests ongoing material corporate events; full filing text needed to assess capital dilution or solvency risk.
Multiple charter/bylaw amendments (Items 3.01–3.03) filed without corresponding proxy statements visible in 8-K headers; governance changes may be occurring without full shareholder disclosure.
Buried content pattern (events filed under Item 8.01 'Other' rather than proper category) in accessions 0001213900-26-049432, 0001213900-26-048039, 0001213900-26-084064, 0001213900-26-070970, and 0001213900-26-057182 suggests potential lack of transparency or deliberate downplaying of material event classification.
Item 7.01 (bankruptcy proceedings) cited in accession 0001213900-26-084064 (2026-07-31) indicates financial distress or restructuring; no corresponding 8-K Item 2.02 (bankruptcy/receivership) was filed in parallel, raising disclosure concerns.
Related-party transactions (Item 8.01) appearing in accessions 0001213900-26-089362, 0001213900-26-081560, and 0001213900-26-057182 without clear Item 1.01 designation may indicate insider dealings not subject to full material agreement disclosure.
Off-balance sheet arrangements (Item 3.02) reported in accessions 0001213900-26-048039 and 0001213900-26-092597 alongside material agreements; may mask liabilities or commitments not visible on financial statements.

Bottom line

Profusa exhibits a complex pattern of corporate restructuring and material agreements concentrated in April–September 2026, with governance amendments and cost-related events filing frequently and sometimes under non-standard item classifications. An investor should obtain and review the full text of each 8-K exhibit, particularly the material agreements and cost-associated event filings, to assess the true scope of any equity dilution, debt restructuring, or financial distress. The absence of explicit shelf or ATM programs in these 8-K headers does not preclude capital raises executed through other mechanisms; review of concurrent 10-Q/10-K filings and press releases is essential to establish complete financing activity.

View this report online