Business
Pineapple Financial Inc. (PAPL) Announces Closing of $1.5 Million Public Offering
Toronto, Ontario--(Newsfile Corp. - May 5, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage firm, today announced the closing of its public offering (the "Offering") with aggregate gross proceeds to the Company of $1,500,000, prior to deducting fees and other expenses payable by the Company. The Offering consisted of 10,000,000 units, each unit consisting of one common share of the Company and one ...
About this update from Pineapple Financial Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 5, 2025) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage firm, today announced the closing of its public offering (the "Offering") with aggregate gross proceeds to the Company of $1,500,000, prior to deducting fees and other expenses payable by the Company. The Offering consisted of 10,000,000 units, each unit consisting of one common share of the Company and one warrant to purchase one common share of the Company, at a public offering price of $0.15 per unit.","length":620,"tagName":"p"},{"type":"text","content":"D. Boral Capital LLC acted as exclusive placement agent for the Offering.","length":73,"tagName":"p"},{"type":"text","content":"Sichenzia Ross Ference Carmel LLP acted as legal counsel to the Company and Lucosky Brookman LLP acted as legal counsel to D. Boral Capital LLC.","length":144,"tagName":"p"},{"type":"text","content":"The Offering of the securities described above was offered by the Company pursuant to an effective registration statement on Form S-1 (File No. 333-286783), as amended, filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on May 1, 2025. The Offering was made only by means of a prospectus. A final prospectus describing the terms of the Offering was filed with the SEC and forms a part of the effective registration statement. Copies of the final prospectus relating to this Offering may be obtained on the SEC's website at http://www.sec.gov or by contacting D. Boral Capital LLC at 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected], or by telephone at (212) 970-5150.","length":764,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.","length":372,"tagName":"p"},{"type":"text","content":"About Pineapple Financial","length":25,"tagName":"p"},{"type":"text","content":"Pineapple Financial Inc. (NYSE America...