D. Boral Capital Acted as Exclusive Placement Agent to Pineapple Financial Inc. (NYSE: PAPL) in Connection with its $100,000,000 Private Placement as it Initiates its Injective Digital Asset Treasury Strategy, Becoming the First and Only Publicly Traded INJ Holder on a National Exchange

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[{"type":"text","content":"NEW YORK CITY, NEW YORK / ACCESS Newswire / September 8, 2025 / On September 5, 2025, Pineapple Financial Inc. (NYSE:PAPL) (the "Company" or "Pineapple"), a leading fintech platform, announced the closing of a private placement for the purchase and sale of an aggregate of 24,642,700 subscription receipts, for aggregate gross proceeds of approximately $100,000,000. Pineapple intends to deploy the net proceeds to launch the first digital asset treasury strategy anchored in INJ, the native asset of Injective. With this closing, Pineapple becomes the first and only publicly traded INJ holder worldwide and an early mover in the convergence of fintech and blockchain based finance. Pursuant to the terms of the securities purchase agreement, the Company issued 7,815,777 subscription receipts at a purchase price of $3.80 per subscription receipt and 16,826,923 subscription receipts at a purchase price of $4.16 per subscription receipt, pursuant to different terms agreed with certain purchasers. The combined issuance represents a weighted average purchase price of approximately $4.04 per subscription receipt.","length":1136,"tagName":"p"},{"type":"text","content":"The offer and sale of the foregoing securities was made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") registering the subscription receipts and the underlying shares. Any offering of the Company's securities under the resale registration statement will only be made by means of a prospectus.","length":1118,"tagName":"p"},{"type":"text","content":"Th...

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