Pluri Appoints Major Shareholder Alejandro Weinstein As New Chairman, Raises $2.5M Via Private Placement Of 625,000 Shares And Warrants

Pluri Inc. has announced a major leadership change with the appointment of Alejandro Weinstein as the new Chairman of the Board of Directors. Weinstein, already one of the company’s largest shareholders, was chosen for his strong business-focused approach and his ability to help Pluri strengthen its market position and accelerate recognition of the value in its cell-based technology platform and growing portfolio.

Alejandro Weinstein said he is honored to take on this new role and fully committed to guiding Pluri into its next phase of growth. He noted that the company has a powerful platform, promising commercial opportunities, and valuable assets that are still far from reaching their full potential. He added that he looks forward to working closely with the management team to advance the company’s priorities, sharpen strategic initiatives, and unlock long-term value. He also thanked outgoing Chairman Zami Aberman for his long-standing contributions.

Weinstein is a well-known global investor with a strong track record of building and scaling companies in healthcare, biotechnology, and wellness. His achievements include transforming CFR Pharmaceuticals into a multinational company that was eventually acquired by Abbott for $2.9 billion. He also founded major investment firms such as WM Partners, Olive Tree Ventures, and Vanterra Ventures. His experience in leading organizations, executing major transactions, and creating value makes him well-suited for his new position.

As part of this transition, Zami Aberman, who has served as Pluri’s Chairman for 20 years, will move into the role of Vice Chairman. Aberman said it has been an honor to guide Pluri through its development and expressed confidence in the company’s future under Weinstein’s leadership. He added that he looks forward to supporting the company through the transition. Pluri CEO and President Yaky Yanay said Weinstein’s appointment and increased investment signal strong confidence in the company’s direction. He thanked Aberman for two decades of leadership and emphasized that the company will now focus even more on strong execution, faster commercialization, and unlocking the full value of its platform for shareholders.

Alongside the leadership changes, Pluri has also entered into a Securities Purchase Agreement with an entity beneficially owned by Weinstein. Under this agreement, the investor will purchase 625,000 common shares along with warrants for an additional 625,000 shares at a combined purchase price of $4 in a private placement. The warrants, priced at $4.25 per share, are immediately exercisable and remain valid until June 30, 2026. The transaction is expected to generate approximately $2.5 million in gross proceeds, which Pluri will use for general working capital.

The securities will be issued through a private placement under exemptions provided by U.S. securities laws, meaning they cannot be sold in the United States without proper registration or a valid exemption. The company clarified that this announcement does not represent an offer to sell or solicit the purchase of any securities in jurisdictions where such activity would be unlawful.