Pluri Prices $3.3 Mln Registered Direct Offering, Concurrent Private Placement
(RTTNews) - Pluri Inc. (PLUR) on Thursday announced a securities purchase agreement with a healthcare-focused institutional investor for the purchase and sale of 2.23 million common shares, or common share equivalents, at $1.50 per share in a registered direct offering.
In a concurrent private placement, Pluri will issue unregistered warrants to purchase up to 2.23 million common shares at an exercise price of $1.65 per share. The warrants will be exercisable six months after issuance and expire five and a half years from issuance.
The offering is expected to generate gross proceeds of approximately $3.3 million, before fees and other offering expenses. Pluri plans to use the net proceeds for working capital and general corporate purposes.
The offering is expected to close on or about August 28, 2026, subject to customary closing conditions.
A.G.P./Alliance Global Partners is acting as the sole placement agent.
As of March 31, 2026, cash, cash equivalents, short-term bank deposits, and restricted cash amounted to $9.55 million.
Pluri shares have traded between $1.45 and $5.29 over the last year.
PLUR closed Thursday's trade at $1.53, up 3.38%.
