Pluri raises $6.5M private placement, signs term sheet to acquire 71% of Kokomodo for $4.5M in stock

Pluri Inc.

Private placement: 1,383,948 common shares at $4.61 each, plus pre-funded and common warrants; gross proceeds ~$6.5M.
Binding term sheet signed to acquire ~71% of Kokomodo Ltd. for $4.5M payable in common shares; subject to due diligence and shareholder approval.
Alejandro Weinstein appointed to board effective upon closing of the offering; Investor holds ≥10% of shares for continued board seat.
Offering expected to close Jan 31, 2025; Kokomodo Transaction contingent on definitive agreement and Nasdaq approval.
Proceeds from offering to be used for working capital and general corporate purposes.

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