Form 8-K

8-K — Profusa, Inc.

Accession: 0001213900-26-057182

Filed: 2026-05-15

Period: 2026-05-13

CIK: 0001859807

SIC: 3841 (SURGICAL & MEDICAL INSTRUMENTS & APPARATUS)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — ea0291023-8k_profusa.htm (Primary)

EX-99.1 — PRESS RELEASE (ea029102301ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

8-K

CURRENT

REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

May 13, 2026

PROFUSA, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-41177

86-3437271

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

626 Bancroft Way, Suite A

Berkeley, CA 94710

(Address of principal executive offices, including

zip code)

Registrant’s telephone number, including

area code: (925) 997-6925

Not Applicable

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b)

of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

PFSA

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On May 13, 2026, Profusa,

Inc. (the “Company”) received a letter (the “Transfer Confirmation Letter”) from the Hearings Advisor of The Nasdaq

Stock Market LLC (“Nasdaq”) confirming that the Company has complied with the May 11, 2026 deadline to file an application

to transfer to The Nasdaq Capital Market as required by the May 6, 2026 decision of the Nasdaq Hearings Panel (the “Panel”).

Pursuant to the Transfer Confirmation Letter, the Company will be transferred to The Nasdaq Capital Market effective at the open of market

on May 15, 2026.

As previously disclosed, on

May 6, 2026, the Company received a decision letter (the “Decision Letter”) from the Panel granting the Company an exception

to continue its listing on Nasdaq, subject to certain interim milestones in connection with the Company’s compliance with Nasdaq

Listing Rule 5550(a)(2) (the “Bid Price Rule”) and Nasdaq Listing Rule 5550(b)(2) (the “Equity Rule”) in lieu

of compliance with the market value of listed securities alternative under Nasdaq Listing Rule 5550(b)(1). The Decision

Letter also required the Company to take the action described above to file an application to transfer to The Nasdaq Capital Market by

May 11, 2026.

The Company continues to evaluate

the conditions set forth in the Decision Letter and intends to take the actions necessary to evidence compliance with all applicable listing

criteria within the time periods specified by the Panel. There can be no assurance that the Company will be able to do so, or that the

Company’s common stock will remain listed on The Nasdaq Capital Market.

On May 15, 2026, the Company

issued a press release announcing the Transfer Confirmation Letter. A copy of the press release is filed herewith as Exhibit 99.1 to this

Current Report on Form 8-K and is incorporated herein by reference.

Forward-Looking Statements

This Current Report on

Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without

limitation, statements regarding the Company’s transfer to The Nasdaq Capital Market, the Company’s plans and intentions to

satisfy the conditions set forth in the Decision Letter, its efforts to regain compliance with Nasdaq listing standards, the timing and

outcome of any reverse stock split, financings or other transactions, and the Company’s ability to maintain its Nasdaq listing.

Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,”

“plan,” “project,” “seek,” “should,” “will,” and similar expressions are intended

to identify forward-looking statements. Forward-looking statements are based on current expectations and are subject to risks and uncertainties

that could cause actual results to differ materially from those described in such statements, including but not limited to the Company’s

ability to obtain the required stockholder approvals, execute its compliance plan within the timeframes specified by the Panel, effect

and maintain compliance with the Bid Price Rule and other applicable listing requirements, complete anticipated transactions, and other

factors described in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including its Annual

Report on Form 10-K for the year ended December 31, 2025, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or

otherwise, except as required by law.

Item 9.01. Financial Statements and Exhibits.

Exhibit

Description

99.1

Press Release

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant

to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its

behalf by the undersigned hereunto duly authorized.

May 15, 2026

Profusa, Inc.

By:

/s/ Ben Hwang

Name:

Ben Hwang

Title:

Chief Executive Officer

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Exhibit 99.1

Profusa Announces Listing Transfer to The Nasdaq

Capital Market

BERKELEY, CA, May 15, 2026 (GLOBE NEWSWIRE) —

Profusa, Inc. (“Profusa” or the “Company”) (Nasdaq: PFSA), a digital health company pioneering the next generation

of technology platform enabling the continuous monitoring of an individual’s biochemistry, announces that, effective May 15, 2026,

the Company will now be listed on The Nasdaq Capital Market.

The move is the first of a previously announced

series of interim milestones as laid out by the Nasdaq Hearings Panel to ensure continued compliance with the bid price and stockholders’

equity requirements for continued listing on the Capital Market tier.

About Profusa

Based in Berkeley, CA, Profusa is a commercial

stage digital health company led by visionary scientific founders, an experienced management team and a world-class board of directors

in the development of a new generation of tissue-integrated sensors to detect and continuously transmit actionable, medical-grade data

for personal and medical use. With its long-lasting, injectable and affordable biosensors and its intelligent data platform, Profusa aims

to provide people with a personalized biochemical signature rooted in data that clinicians can trust and rely on.

“LUMEE”, “PROFUSA” and

the PROFUSA logo are registered trademarks of Profusa, Inc. in the United States, Canada, European Union, China, Japan, South Korea and

Australia.

For more information, visit https://profusa.com.

Special Note Regarding Forward-Looking Statements

Certain statements in this press release may be

considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States

Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or future financial or

operating performance of Profusa. In some cases, you can identify forward-looking statements by terminology such as “anticipate,”

“believe,” “continue,” “could,” “estimate,” “expect,” “forecast,”

“future,” “intend,” “may,” “might,” “plan,” “possible,” “potential,”

“predict,” “project,” “propose,” “seek,” “should,” “strive,” “will,”

or “would” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are based

on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those described

in such statements, including but not limited to the Company’s ability to obtain the required stockholder approvals, execute its

compliance plan within the timeframes specified by the Panel, effect and maintain compliance with the Bid Price Rule and other applicable

listing requirements, complete anticipated transactions, and other factors described in the Company’s filings with the Securities

and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent

Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statements,

whether as a result of new information, future events or otherwise, except as required by law.

Contacts

Investor and Media Contacts

email: info@coreir.com

phone: 1 (212) 655-0924

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