Profusa posts H1 net loss $5.1M; cash at $44K; going concern doubt persists

Profusa, Inc.

Net loss $2.3M for Q2 2025, $5.1M for H1 2025; no revenue; R&D $0.8M, G&A $1.6M.
Working capital deficit $63.2M; cash $44K; management expresses substantial doubt about going concern.
Post-merger cash inflows include $1.3M from trust and $9M net PIPE note, offset by $3.4M payables.
Sponsor and stockholder shares locked up 6 months, subject to early release if stock >= $5 for 20/30 days.

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