Ever After Foods Buys Fishway to Expand Food Tech Platform
PLUR is trading near its 52-week low of $1.45 (12% above the low) on light trading volume (0.1× avg).
Summary
Pluri's subsidiary Ever After Foods has acquired Fishway, expanding its integrated food production technology platform. The deal adds new capabilities to Pluri's food tech portfolio, which is a strategic move given the company's acute liquidity crisis and Nasdaq delisting risk. This acquisition could signal a pivot toward revenue-generating assets, but no financial terms were disclosed. The move follows recent capital infusions from the chairman and ongoing EIB loan negotiations.
At the time of this announcement, PLUR was trading at $1.62 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $17.3M. The 52-week trading range was $1.45 to $5.68. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.