Profusa Seeks Blanket Reverse Split Authorization Up to 1-for-12 to Save Nasdaq Listing
PFSA is trading near its 52-week low of $2.74 (4.4% above the low).
Summary
Profusa seeks shareholder approval for a new reverse stock split authorization up to 1-for-12 to regain Nasdaq compliance, after three prior splits this year failed to stabilize the stock above $1.00.
Key Events · Corporate Governance and Compliance · PFSA
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New Reverse Split Authorization Sought
The board seeks approval for one or more reverse splits at ratios of 1-for-2 to 1-for-12, with the aggregate not exceeding 1-for-12, valid until September 18, 2028.
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Nasdaq Compliance Crisis Deepens
The company inadvertently violated Nasdaq's Publicly Held Shares Rule on August 17, 2026, corrected it on August 21, and has requested an extension through September 3, 2026 to evidence bid price compliance.
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Three Prior Splits Failed
Profusa executed 1-for-75 (February), 1-for-25 (July), and 1-for-4 (August) reverse splits in 2026, yet the stock trades at $2.86 near its 52-week low.
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Delisting Risk Threatens Financing
Delisting would eliminate S-3 shelf eligibility and access to the equity line of credit, critical funding sources given $0.7M cash and going concern doubts.
Analysis · PFSA · Industrial Applications And Services
After a series of failed attempts to maintain Nasdaq compliance, Profusa is asking shareholders to approve a new reverse stock split authorization of up to 1-for-12, valid through September 2028. The company has already executed three reverse splits this year (1-for-75 in February, 1-for-25 in July, and 1-for-4 in August) yet still trades near its 52-week low at $2.86. The proxy reveals the company inadvertently violated Nasdaq's Publicly Held Shares Rule on August 17, 2026, and has requested yet another extension through September 3, 2026 to demonstrate bid price compliance. With only $0.7M in cash and going concern doubts, delisting would cut off access to the equity line of credit and S-3 shelf eligibility that have been critical to funding operations.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PFSA was trading at $2.86 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.8M. The 52-week trading range was $2.74 to $4,500.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.