Profusa Shares Below 40 Cents as Nasdaq Deadline Nears
Profusa Inc traded at $0.3598 in premarket Friday, remaining below Nasdaq’s $1 minimum bid price. The company has until July 6 to regain compliance after receiving an extension from the Nasdaq Hearings Panel. Profusa reported $0.4 million in cash at March 31 and warned of “substantial doubt” about its ability to continue operating. A recent asset deal and equity line moves have raised dilution concerns.