Pluri (PLUR) has released an update.
Pluri Inc. has struck a deal with A.G.P./Alliance Global Partners to potentially sell up to $10 million worth of its common shares. Utilizing an existing shelf registration, the sales are flexible, allowing trades on the open market, private transactions, or block sales. While the company isn’t bound to sell any shares, if it does, A.G.P. will earn a commission of up to 3% of the gross proceeds, plus reimbursement for certain expenses. The arrangement also includes mutual indemnification rights, but there’s no certainty about the number of shares that will be sold, their price, or the timing of any sales.
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