secwatch.observer — SEC 8-K summary
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Issuer:     Profusa, Inc. (PFSA)
CIK:        0001859807
Form:       8-K
Filed at:   2026-03-13T23:59:59+00:00
Accession:  0001213900-26-027218
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.02, 2.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859807/000121390026027218/0001213900-26-027218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859807/000121390026027218/ea0281550-8k_profusa.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-027218

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