secwatch.observer — SEC 8-K summary
======================================

Issuer:     Profusa, Inc. (PFSA)
CIK:        0001859807
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001213900-26-049432
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Profusa faces Nasdaq delisting for MVPHS failure; amends debt and warrant terms
-------------------------------------------------------------------------------

- Received Nasdaq notice of non-compliance with $15M MVPHS Rule; deadline missed April 27, 2026; response due May 5.
- Also under Panel review for bid price ($1.00) and MVLS ($50M) deficiencies; no assurance of continued listing.
- Amended $1.87M promissory note with NorthView Sponsor: non-interest, maturity Dec 31, 2026, convertible at 95% of close or $0.35 floor.
- Amendment caps conversion shares at 19.99% of outstanding unless stockholder approval obtained within 90 days.
- Amended warrant with Ascent Partners: removed automatic conversion in fundamental transactions; warrant for 3.33M shares at $0.50.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859807/000121390026049432/0001213900-26-049432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859807/000121390026049432/ea0288135-8k_profusa.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-049432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer