Profusa seeks shareholder approval for second reverse split, massive dilutive acquisition, management shares, and convertible debt conversion to avoid delisting.
PFSA is trading near its 52-week low of $0.41 (11% above the low).
Summary
Profusa is holding an annual meeting to vote on a second reverse stock split, a highly dilutive acquisition, significant management share grants, convertible note conversions, and an expanded equity plan, all aimed at addressing financial distress and Nasdaq delisting threats.
Key Events · Financing and Capital Events · PFSA
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Proposed Second Reverse Stock Split
Shareholders will vote on a reverse stock split ranging from 1-for-10 to 1-for-200, intended to regain Nasdaq's minimum bid price compliance. This follows a 1-for-75 reverse split on February 9, 2026, which did not resolve the delisting issue.
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Highly Dilutive Acquisition Financing
Approval is sought for the issuance of a newly created series of convertible preferred stock to Bio Insights LLC as consideration for the $30 million acquisition of PanOmics Assay know-how. This represents an extremely large transaction relative to Profusa's market capitalization.
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Significant Management Share Grant
A proposal to issue shares equal to 12% of the fully diluted common stock outstanding to the CEO and CFO for retention purposes, which will result in substantial dilution for existing shareholders.
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Convertible Note Conversion Approval
Shareholders will vote on approving the potential issuance of shares in excess of 19.99% of outstanding common stock upon the conversion of a $1.87 million promissory note held by NorthView Sponsor I LLC, with a floor conversion price of $0.35 per share.
Analysis · PFSA · Industrial Applications And Services
Profusa, a company with a market capitalization of less than $2 million, is seeking shareholder approval for a series of highly dilutive measures critical for its continued operations and Nasdaq listing. These proposals include a second reverse stock split (1-for-10 to 1-for-200) to address ongoing delisting threats, following a previous 1-for-75 reverse split that failed to achieve sustained compliance. Additionally, shareholders are asked to approve the issuance of $30 million in convertible preferred stock for an acquisition, which represents an extraordinary amount relative to the company's current valuation. Further dilution is proposed through a grant of 12% of fully diluted shares to management for retention, the conversion of a $1.87 million convertible note into up to 5.34 million shares, and a significant increase in the equity incentive plan share pool. These combined actions indicate severe financial distress and a desperate attempt to secure capital and maintain listing, with substantial dilution for existing shareholders.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. 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 $0.45 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $2M. The 52-week trading range was $0.41 to $975.00. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.