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Pluri Appoints Alejandro Weinstein as Chairman of the Board to Lead Strategic Shift and Unlock Value, Backed by Additional Investment
Globenewswire· 2025-12-09 13:30
Core Viewpoint - Pluri Inc. has appointed Alejandro Weinstein as Chairman of the Board, aiming to strengthen its market position and unlock the value of its assets [1][2][4]. Leadership Transition - Alejandro Weinstein, a significant shareholder, will lead the company into its next growth phase, emphasizing strategic changes and value creation [2][4]. - Zami Aberman, the outgoing Chairman, will transition to Vice Chairman, continuing to support the company's strategic direction [3][4]. Financial Transactions - Pluri has entered into a Securities Purchase Agreement with Weinstein, involving the purchase of 625,000 common shares and warrants for a total of $2.5 million, intended for general working capital [4][6]. - The warrants have an exercise price of $4.25 per share and are exercisable until June 30, 2026 [4]. Shareholder Dynamics - Weinstein's ownership is expected to rise to approximately 30% of the issued and outstanding shares, reflecting his confidence in Pluri's asset base and long-term strategy [6]. Company Overview - Pluri Inc. is a biotechnology company focused on mass-scale cell expansion and biofarming, utilizing a patented 3D cell expansion platform [8]. - The company operates in regenerative medicine, foodtech, and agtech, aiming to address global challenges such as sustainable food production and healthcare [9].
Pluri and Subsidiaries Earn Multiple Industry Honors, Named as Overall BioAgriculture Company of the Year
Globenewswire· 2025-11-13 13:00
Core Insights - Pluri Inc. has received multiple awards recognizing its innovation and leadership in biotechnology, particularly in cell-based solutions for agriculture and sustainable food systems [1][2][4] Group 1: Awards and Recognitions - Pluri was named Overall BioAgriculture Company of the Year by the Biotech Breakthrough Awards, highlighting its advancements in applying cell therapy to agriculture [2] - The company won the 2024 Egalitarian Employment Award in the Large Company category from Israel's Ministry of Labor, Social Affairs and Social Services, with a government grant of 40,000 NIS expected alongside the award [3] - Pluri's subsidiaries, Coffeesai Ltd. and Kokomodo Ltd., received significant industry awards for their innovative approaches in sustainable food production and climate-resilient agriculture [7] Group 2: Company Position and Strategy - Pluri is positioned as a leader in biotechnology, developing patented technologies that have the potential to transform various industries, including regenerative medicine and agtech [4] - The company's proprietary 3D cell expansion platform enables scalable production of cell-based products, facilitating partnerships in multiple sectors [4][5] - The CEO emphasized the strength and versatility of Pluri's platform, reflecting market confidence in its strategy to apply cell-based innovation across industries [5]
Pluri Subsidiary Coffeesai Partners with Mexico’s INCAFECH to Advance Cell-Based Coffee Manufacturing
Yahoo Finance· 2025-10-24 12:07
Core Insights - Pluri Inc. is recognized as a promising long-term penny stock with significant upside potential, particularly following its recent collaboration with a Mexican public body to advance cell-based coffee manufacturing [1][3]. Group 1: Collaboration and Innovation - Pluri's subsidiary, Coffeesai Ltd., has entered into a collaboration agreement with Instituto del Café de Chiapas/INCAFECH to promote cell-based coffee production in Chiapas, Mexico, which is known as the leading coffee-growing region in the country [1][2]. - The partnership aims to establish Chiapas as a hub for innovation in coffee manufacturing, leveraging state support to enhance the commercialization of cell-based coffee products [1][2]. Group 2: Business Model and Revenue Generation - Coffeesai utilizes Pluri's proprietary 3D cell expansion platform and two decades of expertise to develop sustainable cell-based coffee products, outlining a multi-phase, capital-light roadmap to mitigate commercialization risks [2][3]. - The collaboration is expected to create shareholder value through potential non-dilutive revenues from licensing and technology transfer, as well as recurring revenue streams from royalty-bearing models and joint ventures [3]. Group 3: Company Overview - Pluri Inc. is a biotechnology company focused on researching, developing, and manufacturing cell-based products and related technologies across various industries [4].