---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-027218"
form_type: "8-K"
ticker: "PFSA"
cik: "0001859807"
company_name: "Profusa, Inc."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:40:40.855348+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Profusa receives Nasdaq delisting notice; terminates Bitcoin treasury strategy, liquidates holdings

## Summary
- Nasdaq Global Market delisting notice for failure to meet $50M MVLS and $1.00 bid price; deadline March 10, 2026 missed.
- Company terminates Bitcoin treasury reserve strategy and will liquidate entire ~16.51 Bitcoin holdings (~$2M cost).
- Account Control Agreement with BitGo terminated in connection with Bitcoin strategy exit; no early termination penalties.
- Proceeds from Bitcoin sale to be used for general corporate purposes.
- Company intends to appeal delisting determination; hearing request stays suspension pending Panel decision.

## SEC filing metadata
- accession: 0001213900-26-027218
- form_type: 8-K
- ticker: PFSA
- cik: 0001859807
- company_name: Profusa, Inc.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859807/000121390026027218/0001213900-26-027218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859807/000121390026027218/ea0281550-8k_profusa.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-027218
- JSON: https://secwatch.observer/filing/0001213900-26-027218.json
- Plain text: https://secwatch.observer/filing/0001213900-26-027218.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.