Profusa regains Nasdaq compliance after reverse stock split
Profusa (NASDAQ:PFSA) regained compliance with the Nasdaq listing requirements following a 1-for-4 reverse stock split on August 14, 2026. The company had previously fallen below the minimum requirement of 500,000 publicly held shares. As a result of this development, Profusa's shares rose by 6.8% in premarket trading. The move comes after several recent developments for the biotechnology firm, including signing a term sheet to merge with an $111 million health diagnostics company and appointing Jack Stover as its new CEO. These actions indicate efforts to stabilize and grow the business following regulatory challenges.
Tickers: $PFSA