Pluri Inc. announced that it has entered into a security purchase agreement for the issuance of up to 5,579,883 common shares at a price of $1.03 per common share for gross proceeds of $5,747,279.49, up to 2,068,517 common shares at a price of $1.05 per share for the gross proceeds of $2,171,942.85 and 237,500 common shares at a price of $1.06 per share for gross proceeds of $251,750; for aggregate proceeds of $8,170,972.34 on December 13, 2022. The company will also issue warrant in the transaction to purchase 7,885,900 common shares, exercisable upon the later of six months from their issuance date, or until the company increases its authorized shares. The transaction is expected to close by January 31, 2023.

The transaction is being made in the United States pursuant to the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D as promulgated by the Securities and Exchange Commission.