Pluri receives $1.25M advance from chairman-owned entity

Pluri Inc. (NASDAQ: PLUR) entered into an Advance Subscription Agreement on June 14, 2026, with Chutzpah Holdings LP, a limited partnership beneficially owned by Alexandre Weinstein, the chairman of the company's board of directors and an existing shareholder.

Under the agreement, Chutzpah Holdings agreed to pay Pluri an advance of $1,250,000, which the company received on June 16, 2026. The funds are designated for working capital and general corporate purposes.

The agreement contemplates that Chutzpah Holdings will participate in a future financing round approved by the board and completed on or before August 14, 2026. The advance amount is expected to be credited toward the purchase price of securities Chutzpah Holdings would acquire in that offering.

Pluri noted that it will not be obligated to issue securities to the extent that doing so would conflict with applicable laws, Nasdaq rules, the company's organizational documents, authorized share limits, or existing shareholder approvals.

If the planned offering does not occur by August 14, 2026, or if the advance cannot be fully applied toward securities in that offering, the unapplied amount will be used to purchase Pluri securities on terms separately approved by the board, subject to applicable legal and regulatory requirements.

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