May. 8 at 1:44 PM
$PFSA Reality of today's news for Profusa - it is a downgrade in market listing (NASDAQ GM TO CM) rather than delistIng, but delisting is still likely. New NASDAQ rule as of this month (May 2026), must retain
$5M Market Cap to remain listed in NASDAQ CM. While it is a
$15M Market Cap minimum to enter, you only get a downside to
$5M to be forced out. Downgrades from GM to CM are not initial entry, which is why Profusa is lucky to simply be downgraded, BUT the CM rules for remaining listed still apply (and must be met by July '26), and PFSA has less than
$3M Market Cap as of today. The company has or will dilute the stock, and the Market Cap will change based on that new number of Outstanding shares, but diluting to meet Market Cap listing requirements doesn't normally work out so well. The announcement of "exploring strategic alternatives" (i.e. company is open to being sold or merged) - makes more sense, as it is desperation before future delisting, and a way to hype the stock.