Company: PFSA
Filing Date: 2025-11-03
Form Type: 8-K
Source: 0001213900-25-104814
Chunk: 0

Company: Profusa, Inc.
Filing Date: 2025-11-03
Form: 8-K
Item: Item 3.01
Chunk 0
---
Item 3.01. Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On October 27, 2025, Profusa, Inc. (the “ Company”)
received a notification letter (the “ Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock
Market (“ Nasdaq”) indicating that the Company is not in compliance with the continued listing requirement to maintain a minimum
Market Value of Publicly Held Shares (“ MVPHS”) of $15,000,000 for the Nasdaq Global Market, as set forth in Nasdaq Listing
Rule 5450(b)(2)(C). Nasdaq’s determination was based on the Company’s MVPHS having been below $15,000,000 for the prior 30
consecutive business days from September 12, 2025 through October 24, 2025.

The Notification Letter has no immediate effect
on the listing or trading of the Company’s common stock on the Nasdaq Global Market, and the Company’s common stock will continue
to trade under the symbol “ PFSA” during the compliance period.

In accordance with Nasdaq Listing Rule 5810(c)(3)(D),
the Company has 180 calendar days, or until April 27, 2026, to regain compliance with the MVPHS requirement. If at any time before April
27, 2026, the Company’s MVPHS closes at or above $15,000,000 for a minimum of 10 consecutive business days, Nasdaq will provide
written confirmation that the Company has regained compliance.

If the Company does not regain compliance by April
27, 2026, Nasdaq will notify the Company that its common stock is subject to delisting from the Nasdaq Global Market. In such event, the
Company would be entitled to appeal the delisting determination to a Nasdaq Hearings Panel. Alternatively, the Company may consider applying
to transfer the listing of its securities to The Nasdaq Capital Market, subject to meeting the applicable standards for continued listing
on that market and paying the required application fee.

The Company intends to actively evaluate and monitor
its MVPHS and evaluate available options to regain compliance within the compliance period.

This report is being filed to comply with Nasdaq
Listing Rule 5810(b), which requires prompt public disclosure of receipt of a deficiency notice.

Forward-Looking Statements. This
Current Report on Form 8-K contains forward-looking statements within the