NorthView Acquisition Corp (NVAC)

[Devolution]

Looks like the acquisition target was selected:

https://finance.yahoo.com/news/profusa-inc-digital-health-company-210000399.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANeN6yZgDtAoUaydfITlBOpJsr1FivrVYFEDbH0zvaD_BorKQECYT6zI5zrtkLEvnUAgwSrdOdG9x8c5V7UEO_F7YHSQlK18wLno46-aR8jvSfBQlt8o-BO2pq3qE3QoW5RkfHnGgbV8iYv5e5hBkf9Qiq2aFPfk9S3J_pr-jNZg

Oddly announced on November 7th, when everyone was more likely focused on the November 8th midterm elections.

Profusa is based in Emeryville, CA and is a digital health company that is pioneering the next generation of personalized medicine via the development of novel tissue-integrated biosensors.

Profusa took 9 years to develop a micro hydrogel fiber, 3mm by .5 mm, that can be inserted under the skin. The beauty is that this micro fiber does not elicit an immune response from the body, is super small and practically non detectable and can last for many months at a time (ease of deployment and long-term functionality), and uses light emitting fluorescent molecules to continuously analyze concentrations of whatever it is that you want to measure (oxygen levels, glucose, etc.). The individual can use a simple phone app to monitor their own levels, and send those readings to medical professionals in remote locations, with real time accuracy.

Profusa already has a CE Mark in Europe for "Lumee Oxygen Platform", and with this merger, will now be seeking FDA approval for its continuous glucose monitoring (CGM) micro fiber implant. The CGM market is expected to grow, worldwide, from $6.13 billion in 2021 to $16.33 billion by 2030, a compound annual growth rate of 17.33%

Current NVAC shareholders will own 41.3% of the combined company.

I am certainly impressed with Peter O'Rouke's decision. Profusa looks like the "better mouse trap" with an untold number of potential uses.

I can see the similarity in thinking between this and AXIM, in that Axim's reader would be equivalent to the micro hydrogel fiber. Both can be tweaked ("programmed") to read whatever you are looking for, easily and fairly inexpensively, both would give accurate and rapid results, and both have global marketing potential.