Profusa, Inc. (PFSA) - Form 8-K Summary
Business Context and Reporting Period
Profusa, Inc., a Delaware corporation, filed this Current Report on Form 8-K on September 11, 2025. The Company is listed on The Nasdaq Stock Market LLC under the symbol "PFSA" and is classified as an emerging growth company.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on regulatory compliance status regarding stock listing standards.
Material Changes and Listing Notices
On September 11, 2025, the Company received two notices from Nasdaq indicating non-compliance with continued listing standards based on performance from July 29, 2025, to September 10, 2025:
- Market Value of Listed Securities (MVLS): The Company failed to maintain the required minimum MVLS of $50,000,000 under Nasdaq Listing Rule 5450(b)(2)(A).
- Minimum Bid Price: The Company failed to maintain the required minimum closing bid price of $1.00 per share under Nasdaq Listing Rule 5450(a)(1).
Compliance Period and Outlook
The Company has been granted an initial compliance period of 180 calendar days, expiring on March 10, 2026, to regain compliance for both deficiencies.
- Regaining Compliance: The Company must maintain an MVLS of at least $50,000,000 and a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the compliance period.
- Delisting Risk: If compliance is not achieved by the deadline, the Company's securities may be subject to delisting. The Company may appeal a delisting determination or consider transferring its listing to the Nasdaq Capital Market.
- Management Commentary: Management is monitoring the situation and considering available options to regain compliance but stated there can be no assurance of success.
Investor Verification Checklist
- Verify the current Market Value of Listed Securities (MVLS) and closing bid price of PFSA stock.
- Monitor the Company's progress toward maintaining the $50 million MVLS and $1.00 bid price for ten consecutive business days before March 10, 2026.
- Review future filings for any announcements regarding a potential transfer to the Nasdaq Capital Market or an appeal of a delisting determination.
- Confirm that trading continues under the symbol "PFSA" on the Nasdaq Global Market pending compliance.