What changed in this filing

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Item 1A. Risk Factors

2025-02-11 compared with 2024-11-12 · 81 added, 39 removed, 1 unchanged (99% of the section changed)

Risk Factors.

addition to the other information set forth in this report, you should carefully consider the factors discussed below and in Part I,

Risk Factors” of our 2024 Annual Report, which could materially affect our business, financial condition or future

principal research, development and manufacturing facilities are located in Haifa, Israel and the escalated military conditions of Israel

may cause interruption or suspension of our business operations without warning.

principal R&D and manufacturing facilities are located in Haifa, Israel.

Due to the ongoing armed conflict between Israel and Hamas,

Hezbollah in Lebanon, Iran and other Arab terrorists’ groups, there is a high possibility risk that it will turn into a greater

regional conflict in the near future.

recently, the war has escalated and expanded further from the Northern border of Israel with Lebanon.

Consequently, there has been a

major increase in the amount and frequency of the attacks on Israel, and on Haifa in particular.

to the recent guidelines of the Israeli government, the Company’s offices in Haifa are open and functioning, however, if the war

will escalate and expand even further, the Israeli government may impose additional restrictions on movement and travel, which will affect

our management and employees’ ability to effectively perform their daily tasks, and may result in disruptions and delays in some

of our projects.

hostilities involving Israel, terrorist activities, political instability or violence in the region, or the interruption or curtailment

of trade or transport between Israel and its trading partners could make it more difficult for us to raise capital, if needed in the

future, and adversely affect our operations and results of operations and the market price of our common shares.

In addition, to the

extent the IIA no longer makes grants similar to those we have received in the past, it could adversely affect our financial results.

certain of our employees may be obligated to perform annual reserve duty in the Israel Defense Forces and are subject to being called

up for active military duty at any time.

Many Israeli citizens who have served in the army are required to perform reserve duty until

they reach the age of 40 or older, depending upon the nature of their military service.

Currently, three of our employees have been called

up for active military duty.

intensity and duration of Israel’s current war is difficult to predict, as are such war’s economic implications on the Company’s

business and operations and on Israel’s economy in general.

These events may be intertwined with wider macroeconomic indications

of a deterioration of Israel’s economic standing, for instance, a downgrade in Israel’s credit rating by rating agencies,

which may have a material adverse effect on the Company and its ability to effectively conduct its operations.

addition, Israeli-based companies and companies doing business with Israel, have been the subject of an economic boycott by members of

the Arab League and certain other predominantly Muslim countries since Israel’s establishment.

Although Israel has entered into

various agreements with certain Arab countries and the Palestinian Authority, and various declarations have been signed in connection

with efforts to resolve some of the economic and political problems in the Middle East, we cannot predict whether or in what manner these

problems will be resolved.

Wars and acts of terrorism have resulted in significant damage to the Israeli economy, including reducing

the level of foreign and local investment.

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”

of our 2024 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.

On November 25, 2024, we received a deficiency letter, or the Nasdaq

Letter, from the Listing Qualifications Department of The Nasdaq Stock Market LLC, notifying us that we are not in compliance with the

Stockholders’ Equity Requirement, which requires us to maintain a minimum of $2.5 million in stockholders’ equity, nor we

are in compliance with either of the alternative listing standards, market value of listed securities of at least $35 million or net income

of $500,000 from continuing operations in the most recently completed fiscal year, or in two of the three most recently completed fiscal

On January 6, 2025, we submitted

a plan to regain compliance, or the Compliance Plan.

Based on the Compliance Plan, Nasdaq has determined to grant us with an extension

of time to regain compliance with the Stockholders’ Equity Requirement until May 24, 2025.

If we fail to evidence compliance by

the required deadline, we may be subject to delisting.

At that time, we may appeal Staff’s determination to a Hearings Panel.

We intend to take all reasonable

measures available to regain compliance under the Nasdaq Listing Rules and remain listed on Nasdaq.

However, there can be no assurance

that we will ultimately regain compliance with all applicable requirements for continued listing.

Neither the Nasdaq Letter

nor our noncompliance have an immediate effect on the listing or trading of our common shares, which will continue to trade on The Nasdaq

Capital Market under the symbol “PLUR”.

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:

● The liquidity of our common shares;

● the market price of our common shares;

● our ability to obtain financing for the continuation

of our operations;

● the number of institutional and general investors

that will consider investing in our common shares;

● the number of investors in general that will

consider investing in our common shares;

● the number of market makers in our common shares;

● the availability of information concerning the

trading prices and volume of our common shares;

● the number of broker-dealers willing to execute

trades in shares of our common shares

Our principal research, development and

manufacturing facilities are located in Haifa, Israel and military conditions in Israel, including armed conflicts between Israel and

Hamas, Hezbollah and other terrorist organizations from the Gaza Strip and Lebanon, may cause interruption or suspension of our business

operations without warning.

Our principal R&D and

manufacturing facilities are located in Haifa, Israel, thus, political, economic, and military conditions in Israel, and in particular,

conflicts between Israel and Hamas, Hezbollah in Lebanon, Iran and other Arab terrorists’ groups, may directly affect our business.

As of today, there has been

no material impact on our operations.

According to the recent guidelines of the Israeli government, the Company’s offices

in Haifa are open and functioning, however, if a war will escalate and expand, this situation may change and the Israeli government may

impose certain restrictions on movement and travel, which will affect our management and employees’ ability to effectively perform

their daily tasks, and may result in disruptions and delays in some of our projects.

Any hostilities involving

Israel, terrorist activities, political instability or violence in the region, or the interruption or curtailment of trade or transport

between Israel and its trading partners could make it more difficult for us to raise capital, if needed in the future, and adversely affect

our operations and results of operations and the market price of our common shares.

In addition, to the extent the IIA no longer makes

grants similar to those we have received in the past, it could adversely affect our financial results.

Furthermore, certain of our

employees may be obligated to perform annual reserve duty in the Israel Defense Forces and are subject to being called up for active military

duty at any time.

Many Israeli citizens who have served in the army are required to perform reserve duty until they reach the age of 40

or older, depending upon the nature of their military service.

Currently, one of our employees have been called up for active military

War’s implications,

including but not only war’s economic implications, on the Company’s business and operations and on Israel’s economy

in general is difficult to predict.

Such events may be intertwined with wider macroeconomic indications of a deterioration of Israel’s

economic standing, for instance, a downgrade in Israel’s credit rating by rating agencies, which may have a material adverse effect

on the Company and its ability to effectively conduct its operations.

In addition, Israeli-based

companies and companies doing business with Israel, have been the subject of an economic boycott by members of the Arab League and certain

other predominantly Muslim countries since Israel’s establishment.

Although Israel has entered into various agreements with certain

Arab countries and the Palestinian Authority, and various declarations have been signed in connection with efforts to resolve some of

the economic and political problems in the Middle East, we cannot predict whether or in what manner these problems will be resolved.

and acts of terrorism have resulted in significant damage to the Israeli economy, including reducing the level of foreign and local investment.

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