Profusa Shares Below 40 Cents as Nasdaq Deadline Nears
Profusa Inc was last at $0.3598 in premarket action Friday, with shares staying under the $1 mark that’s watched for Nasdaq compliance. The quote was from premarket trading, which Nasdaq lists as starting at 4:00 a.m. and ending ahead of the regular 9:30 a.m.-4:00 p.m. session. PFSA is acting more like a financing and listing play than a straight product trade these days. Profusa got a break from the Nasdaq Hearings Panel, which gave the company more time to stay on the exchange. The panel granted an exception with certain milestones, and now Profusa has until July 6 to meet the minimum bid price and stockholders’ equity rules. Stockholders’ equity is the value left for owners after subtracting liabilities from