DelistingMay 15, 2026, 04:49 PM
Profusa Receives Nasdaq Delisting Relief; Reports $3.5M Net Loss
AI Summary
Profusa, Inc. reported a net loss of $3.5 million for the first quarter of 2026 and a significant working capital deficit of $28.4 million, raising substantial doubt about its ability to continue as a going concern. Despite facing Nasdaq delisting notices for failing to meet market value and minimum bid price requirements, the company successfully appealed and received continued listing relief. Profusa continues to rely on its Equity Line of Credit and PIPE Subscription Agreement for financing, with $88.9 million and $10.5 million available, respectively, to fund its operations and product development.
Key Highlights
- Profusa reported a net loss of $3.5 million for Q1 2026, compared to $2.7 million in Q1 2025.
- The company had a working capital deficit of approximately $28.4 million as of March 31, 2026.
- Cash used in operating activities was $2.6 million for the three months ended March 31, 2026.
- Profusa received continued listing relief from Nasdaq after appealing delisting notices.
- The company has $88.9 million available under its Equity Line of Credit and $10.5 million from the PIPE Subscription Agreement.
- Cash balance decreased to $375 thousand as of March 31, 2026, from $1.778 million at December 31, 2025.
- Total liabilities stood at $29.06 million as of March 31, 2026.
- Sold 16.51 Bitcoins for $1.2 million, resulting in $0.3 million in realized losses.
Price Impact
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