I think upon merger and renaming to Profusa, there will be about 100 million shares.
Since the target is known by the market, and the stock is now trading at a 52 week high of $10.05 (average volume under 11,000 shares per day, often times trades in the single digits or not at all on any given day), then I am convinced the pps will be above $10 per share upon merger ? I mean, why would anyone pay $10 a share now if they didn't believe that this had room to go upward?
The Lumee, when it gets its FDA approval (figure June 2023?) will compete with...or replace...Dexcom's G6 and/or Abbott's Freestyle Libre 2, both of which are big, clumsy, and have to be moved every 2 weeks.
Even my fairly inactive brother-in-law complains that he is always knocking his off, especially at night.
Check out DXCM's 5 year chart, just for sh$ts and giggles.
I know, apples to oranges, but there might be some long term potential there.
Bullish