SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
July 16, 2020 (July 16, 2020)
PLURISTEM THERAPEUTICS INC.
(Exact Name of Registrant as Specified in Its
|(State or Other Jurisdiction
||(Commission File Number)
|MATAM Advanced Technology Park
|Building No. 5
|(Address of Principal Executive Offices)
011 972 74 710 7171
(Registrant’s telephone number, including
(Former name or former address, if changed since
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class
||Name of each exchange on which registered|
|Common Stock, par value $0.00001 per share
||The Nasdaq Capital Market|
Indicate by check mark whether the registrant
is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 1.01.||Entry into a Material Definitive Agreement.|
On July 16, 2020, Pluristem Therapeutics Inc.,
or the registrant, entered into an Open Market Sale AgreementSM, or
the Sale Agreement, with Jefferies LLC, or Jefferies, as agent, pursuant to which the registrant may issue and sell shares of its
common stock having an aggregate offering price of up to $75 million from time to time through Jefferies.
Any sales of shares
of common stock pursuant to the Sale Agreement will be made pursuant to a shelf registration statement on Form S-3 (File No. 333-239890),
or the Registration Statement, and the prospectus contained therein, filed on July 16, 2020, after such Registration Statement
is declared effective by the Securities and Exchange Commission. Jefferies may sell common stock (A) in privately negotiated
transactions with our consent or (B) by any other method permitted by law deemed to be an “at the market offering”
as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended, including block transactions, sales made directly on
The Nasdaq Capital Market or sales made into any other existing trading market for the registrant’s common stock. Subject
to the terms and conditions of the Sale Agreement, Jefferies will use its commercially reasonable efforts to sell the shares of
the registrant’s common stock from time to time, based upon its instructions (including any price, time or size limits or
other parameters or conditions that we may impose). The registrant will pay to Jefferies a cash commission of up to 3.0% of the
gross proceeds from the sale of any shares of common stock by Jefferies under the Sale Agreement. The registrant and Jefferies
have also provided each other with customary indemnification rights.
The registrant is
not obligated to make any sales of common stock under the Sale Agreement and no assurance can be given that it will sell any shares
under the Sale Agreement, or, if it does, as to the price or number of shares that it will sell, or the dates on which any such
sales will take place. The Sale Agreement may be terminated by either party as set forth in the Sale Agreement.
The foregoing description
of the Sale Agreement is not complete and is qualified in its entirety by reference to the full text of the Sale Agreement, a
copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Statement relating to the common stock to be offered and sold under the Sale Agreement has been filed with the Securities and
Exchange Commission but has not yet become effective. The common stock may not be sold nor may offers to buy be accepted prior
to the time the Registration Statement becomes effective.
The above disclosure shall not constitute an offer to sell or the solicitation
of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation, or sale of the securities in any
state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such state.
||Financial Statements and Exhibits |
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
||PLURISTEM THERAPEUTICS INC.|
||/s/ Chen Franco-Yehuda|
||Chief Financial Officer|
Date: July 16, 2020