Profusa Withdraws S-1 Registration Statement, Pursues Smaller Offering

Profusa has decided not to proceed with its planned public offering, instead opting for a smaller, more focused offering to support near-term revenue projections and investments in its Mayo collaboration. The company believes that a $15 million offering is not required to achieve its near-term revenue projections, and the decision reflects its progress in strengthening its balance sheet and commercial operations. Profusa plans to file a post-effective amendment with the SEC for its Registration Statement on Form S-1.