Mergers & Acquisitions ·
Pluri Inc.'s indirect majority-owned subsidiary, Ever After Foods Ltd., entered into a share purchase agreement to…
PLURPluri Inc.
Pluri Inc.'s indirect majority-owned subsidiary, Ever After Foods Ltd., entered into a share purchase agreement to acquire Fishway BV and its shareholders. The transaction involves issuing EAF ordinary shares in exchange for all outstanding Fishway capital, alongside a $2.0 million Simple Agreement for Future Equity (SAFE) investment from certain sellers. Pluri Inc. is not a party to the agreements but currently holds approximately 69% of EAF; post-closing, its indirect stake is expected to dilute to roughly 58%. The deal aims to support EAF's European strategy through Fishway's Belgian presence and cultivated seafood research capabilities. Closing is anticipated within 30 days subject to customary conditions. Pluri Inc. operates in the biotechnology sector, developing cellular agriculture technologies for food production.