Devolution
5月前
I’ve been following NorthView / ProfUSA since NVAC’s formation and wanted to lay out a brief timeline tied to Milestone III and ask an open question.
Key points (all from public filings):
ProfUSA founded in 2009
Tasly has had an investment/collaboration relationship with ProfUSA since at least 2018
APAC JV discussions date back to ~2020
ProfUSA Asia Pacific Pte. Ltd. was formed in Singapore in August 2023
Binding Tasly term agreement disclosed July 30, 2024
NVAC–ProfUSA merger closed July 11, 2025
Per the merger agreement, founders are eligible for 3,875,000 earnout shares, split evenly across four milestones. Milestone III requires completion of the Tasly JV by 12/31/25, including Tasly purchasing 60% of the JV for $6M.
Other observations:
Over $2M of the JV consideration has already been funded
Projected revenues disclosed in late-2025 filings appear insufficient to support later milestones without the JV
Failure to complete Milestone III would eliminate eligibility for all remaining earnout shares
The recent debt restructuring involved unusually favorable concessions
A reverse split alone does not address Nasdaq market-cap or public-float requirements
Question:
Given the material importance of Milestone III, does it seem reasonable to expect a definitive disclosure—positive or negative—by the required SEC reporting deadline? If not, what am I missing?
I welcome counterpoints, corrections, or additional publicly available information.
This post is intended solely to encourage discussion and the sharing of publicly available information.
My posts are merely my unprofessional opinion and should NEVER be seen as or used as investment advice.
INV4
7月前
Profusa Completes Manufacturing Build-Out, On Track to Begin Product Shipments and Revenue in Early 2026
Oct 28, 2025
Profusa, Inc. (“Profusa” or the “Company”) (Nasdaq: PFSA), a commercial stage digital health company pioneering a next-generation technology platform enabling the continuous monitoring of an individual’s biochemistry, announces completion of key manufacturing initiatives to support 2026 Lumee™ tissue oxygen monitoring revenue targets.
“Our team is laser-focused on achieving revenue from sales of Lumee™ tissue oxygen monitoring systems to our customers in the beginning of the second quarter of 2026. Our manufacturing and supply chain projects are on track to provide inventory to our distributors in the first quarter of 2026 to support 2026 revenue projections,” said Fred Knechtel, Profusa’s CFO.
“We are driven by the positive momentum received from our distributors and growing network of clinical and research customers and look forward to serving the unmet clinical need for tissue oxygen monitoring with our innovative Lumee technology platform,” added Ben Hwang, Ph.D., Profusa’s Chairman and CEO.
Manufacturing milestones achieved to-date include:
Completed first sensor production run in its recently constructed CER (Controlled Environment Room) in October. Production capacity is more than 2x the sensors required to achieve 2026 revenue targets
Engaged contract manufacturer to produce Lumee patch/readers and pens.
• Pen production began in October and capacity is more than 2x the pens required to achieve 2026 revenue targets
• Lumee patch/reader manufacturing first production run is expected in November. Production capacity is more than 2x the patch/readers required to achieve 2026 revenue targets
As previously announced, Profusa intends to partner with distributors AngioPro and Dismeval, S.L, which covers ~35% of European procedures, and confirmed initial 3 key opinion leader commercial and clinical collaborations. Profusa estimates the 2025 European CLTI (Critical Limb Threating Ischemia) market is comprised of more than 700,000 procedures.
About Profusa
Based in Berkeley, Calif., 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.
For more information, visit https://profusa.com.
Special Note Regarding Forward-Looking Statements
Certain statements in this press release (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. Such forward-looking statements are subject to risks, uncertainties, and other factors which may be beyond the control of Profusa and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Profusa and its management are inherently uncertain. Profusa cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. There are risks and uncertainties described in the definitive proxy/final prospectus relating to the business combination, which has been filed with the SEC, and in other documents filed by Profusa from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Profusa cannot assure you that the forward-looking statements in this communication will prove to be accurate.
Investor and Media Contacts
email: info@coreir.com
phone: 1 (212) 655-0924
https://investorshub.advfn.com/stock-market/NASDAQ/profusa-PFSA/stock-news/97092512/profusa-completes-manufacturing-build-out-on-trac
$PFSA
INV4
7月前
Profusa Unveils Strategic Focus in Investor Update
Oct 21, 2025
On October 20, 2025, Profusa, Inc. released an updated investor presentation, highlighting its strategic focus on expanding its commercial stage Oxygen Platform and launching the Lumee tissue oxygen monitoring product in Europe and the US by 2027. The company projects significant revenue growth, from $0.5-2 million in 2026 to $200-250 million by 2030, driven by its innovative AI-driven healthcare technologies and robust data discovery platform. Profusa’s operational focus includes collaborations in key EU markets, a distribution network covering 35% of the EU market, and partnerships with high-volume centers to enhance its market positioning.
More about Profusa
Profusa, Inc. operates in the healthcare technology industry, focusing on pioneering real-time biochemistry solutions that drive AI-led personalized healthcare technologies. The company is involved in developing platform technologies that offer multiple commercial revenue opportunities, particularly in tissue and pulse oximetry oxygen monitoring, with a significant market presence in the US and Europe.
https://www.msn.com/en-us/money/other/profusa-unveils-strategic-focus-in-investor-update/ar-AA1OT83h
$PFSA