M&A
confidence high
sentiment neutral
materiality 0.85
Pluri to acquire 71.1% of Kokomodo for $4.5M in stock (12.14% dilution); related party deal
Pluri Inc.
- Purchase price $4.5M payable in 976,139 Pluri common shares (12.14% of fully diluted shares as of Jan 23, 2025).
- Acquires 400K ordinary and 175K preferred seed-1 shares representing ~71.1% of Kokomodo equity plus $0.5M convertible loan.
- Seller controlled by director Alejandro Weinstein; transaction requires shareholder approval and customary closing conditions.
- Breakup fee of $1.5M if deal not closed by May 23, 2025 (extendable to July 23, 2025); payable in shares and SAFE.
- Leak-out agreement restricts stock sales to 15% of monthly volume for up to 36 months after closing.