What changed in this filing

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Item 1A. Risk Factors

2024-05-09 compared with 2024-02-12 · 37 added, 50 removed, 47 unchanged (65% of the section changed)

Risk Factors.

In addition to the other information

set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A.

Risk Factors” in our 2023

Annual Report, which could materially affect our business, financial condition or future results.

We could fail to maintain the listing of

our common shares on the Nasdaq Global Market, which could harm the liquidity of our shares and our ability to raise capital or complete

a strategic transaction.

On April 19, 2023, we received

a letter, or Notice, from The Nasdaq Stock Market, or Nasdaq, advising us that for 30 consecutive trading days preceding the date of the

Notice, the bid price of our common shares had closed below the $1.00 per share minimum required for continued listing on the Nasdaq Global

Market pursuant to Nasdaq Listing Rule 5450(a)(1), or MBPR.

The Notice had no effect on the listing of our common shares at that time,

and our common shares continued to trade on Nasdaq under the symbol “PLUR.”

Under Nasdaq Listing Rule

5810(c)(3)(A), if during the 180 calendar days period following the date of that Notice the closing bid price of our common shares will

close at or above $1.00 for a minimum of ten (10) consecutive business days, we will regain compliance with the MBPR and our common shares

will continue to be eligible for listing on Nasdaq, absent noncompliance with any other requirement for continued listing.

The compliance

period, or Compliance Period, to comply with the MBPR has expired on October 16, 2023.

On October 17, 2023, the Company

received a letter, or the Letter, from Nasdaq approving an extension of an additional 180 calendar days from the date of the Letter, or

until April 15, 2024, or the Additional Compliance Period to regain compliance with the MBPR as well as approving our application to transfer

our securities from The Nasdaq Global Market to The Nasdaq Capital Market starting at the opening of business on October 19, 2023.

common shares will continue to trade under the symbol “PLUR.” The Nasdaq Capital Market is a continuous trading market that

operates in substantially the same manner as The Nasdaq Global Market and listed companies must meet certain financial requirements and

comply with Nasdaq’s corporate governance requirements.

at any time during the Additional Compliance Period, the bid price of the common shares closes at or above $1.00 per share for a minimum

of 10 consecutive trading days, Nasdaq will provide us with written confirmation of compliance with the MBPR and the matter will be closed.

If we do not regain compliance within the Additional Compliance Period or do not comply with the terms of the extension, Nasdaq will provide

notice that our securities will be delisted from The Nasdaq Capital Market.

As of the date of this filing,

our common shares are trading below $1.00 per share.

If we do not regain compliance with the MBPR by the end of the Compliance Period

(or the Compliance Period as may be extended), our common shares will be subject to delisting.

A delisting from Nasdaq would likely result

in a reduction in some or all of the following, each of which could have a material adverse effect on shareholders:

the liquidity of our common shares;

the market price of our common shares;

the availability of information concerning the trading prices and volume of our common shares;

our ability to obtain financing or complete a strategic transaction;

the number of institutional and other investors that will consider investing in our common shares;

the number of market markers or broker-dealers for our common shares.

We intend to monitor the closing

bid price of our common shares and may, if appropriate, consider implementing available options to regain compliance with the MBPR under

the Nasdaq Listing Rules, including initiating a reverse stock split.

We conduct our operations in Israel.

in Israel, including the armed conflict between Israel and Hamas, Hezbollah and other terrorist organizations from the Gaza Strip and

In addition to the other information set forth in this report, you

should carefully consider the factors discussed below and in Part I, “Item 1A.

Risk Factors” in our 2023 Annual Report, which

could materially affect our business, financial condition or future results.

Failure to meet Nasdaq’s

continued listing requirements could result in the delisting of our common shares, negatively impact the price of our common shares and

negatively impact our ability to raise additional capital.

As of March 31, 2024, our shareholders’ deficit totaled $356.

The minimum shareholders’ equity requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1)

requires listed companies to maintain shareholders’ equity of at least $2.5 million.

As a result, we do not believe we are in compliance

with the shareholders’ equity standard and anticipate receiving a deficiency letter from Nasdaq.

Upon receipt of such deficiency

letter, we will have a period of time to resolve such deficiency and, if necessary, will have the opportunity to present a plan to regain

There can be no assurance

that Nasdaq will accept our plan to regain compliance or that we will meet the minimum shareholders’ equity requirement during

any compliance period, if one is provided to us.

If our common shares are de-listed from Nasdaq, it will have material negative impact

on the actual and potential liquidity of our securities, as well as material negative impact on our ability to raise future capital.

If, for any reason, Nasdaq

should delist our common shares from trading on its exchange and we are unable to obtain listing on another national securities exchange

or take action to restore our compliance with the Nasdaq continued listing requirements, a reduction in some or all of the following

may occur, each of which could have a material adverse effect on our shareholders:

liquidity of our common shares;

market price of our common shares;

ability to obtain financing for the continuation of our operations;

number of institutional and general investors that will consider investing in our common shares;

number of investors in general that will consider investing in our common shares;

number of market makers in our Common Shares;

availability of information concerning the trading prices and volume of our common shares;

number of broker-dealers willing to execute trades in shares of our common shares.

We conduct our operations

Conditions in Israel, including the armed conflict between Israel and Hamas, Hezbollah and other terrorist organizations

from the Gaza Strip and Lebanon.

Our offices are located in

40 unchanged sentences

the series of attacks on civilian and military targets in October 2023, there have been significant call-ups of military reservists.

of February 12, 2024, none of our employees in military service have been called up.

However, if there will be call-ups for reservists

in our Company, our operations could be disrupted by such call-ups.

the third quarter of fiscal year 2024, three of our employees in military service have been called up.

However, if there will be call-ups

for reservists in our Company, our operations could be disrupted by such call-ups.

It is currently not possible

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors