Financing ·
Pluri Inc. sells 833,334 shares and warrants to largest shareholder for $1.25M
PLURPluri Inc.
Pluri Inc. issued 833,334 common shares at $1.50 per share and a warrant to buy an equal number of shares at $1.65 exercise price to Chutzpah Holdings LP, the company's largest shareholder and board chairman. The $1.25 million previously paid as an advance subscription fee was applied in full toward this transaction. The warrant becomes exercisable six months after issuance and expires five years after initial exercise. Pluri Inc. develops advanced technology solutions for industrial applications.