Profusa (PFSA) said Thursday it will implement a 1-for-25 reverse stock split of its common stock, effective July 7.
The company said its stock will begin trading on a post-split basis on the Nasdaq Global Market on Tuesday under the existing "PFSA" ticker symbol.
Shares of Profusa were down nearly 28% in Thursday trading.
Price: $0.09, Change: $-0.04, Percent Change: -27.69%