Pluri Inc. Regains Compliance with Nasdaq Listing Standards

Strategic Insights -

Pluri Inc., a company based in Israel with a listing on The Nasdaq Capital Market, has recently faced a challenge in maintaining the required stockholders' equity to continue listing on the exchange. After receiving a deficiency letter in November 2024, the company submitted a plan to regain compliance with the stockholders' equity requirement by January 6, 2025. Following the submission of this plan, Nasdaq granted Pluri Inc. an extension until May 24, 2025, to regain compliance. However, due to the market value of the company's listed securities exceeding $35 million for 10 consecutive business days, the company has regained compliance and remains in good standing on the exchange.

Key Takeaways:

  • Pluri Inc. received a deficiency letter from Nasdaq on November 25, 2024, stating that the company was not in compliance with the stockholders' equity requirement of $2,500,000.
  • The company submitted a plan to regain compliance with Nasdaq on January 6, 2025, and was granted an extension until May 24, 2025.
  • On May 7, 2025, Pluri Inc. received a letter from Nasdaq indicating that the company had regained compliance with the stockholders' equity requirement due to the market value of its listed securities exceeding $35 million for 10 consecutive business days.
  • The company will remain listed on The Nasdaq Capital Market, and the matter is now closed.
  • The Chief Financial Officer of Pluri Inc., Liat Zalts, signed the report on May 8, 2025.

Statistics:

  • The market value of Pluri Inc.'s listed securities exceeded $35 million for 10 consecutive business days from April 22, 2025, through May 6, 2025.
  • The stockholders' equity requirement for continued listing on The Nasdaq Capital Market is $2,500,000.
  • The extension granted by Nasdaq to Pluri Inc. was until May 24, 2025.
  • The company has regained compliance with Listing Rule 5550(b)(2).

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  • Reference to the original filing of Pluri Inc.'s Form 8-K (Current Report) with the U.S. Securities and Exchange Commission on May 8, 2025