Pineapple Financial Inc. · AMEX:PAPL

Pineapple Financial — Investor Presentation (September 2025)

32 slides from Pineapple Financial's investor presentation, Sep 10, 2025

  1. Slide 1: Project Indigo: Powering the New Era of Global Finance

    Project Indigo Powering the New Era of Global Finance

  2. Slide 2: Disclosures

    Pi Project indigo Disclosures This communication is neither an offer to sell nor a solicitation of an offer to buy any securities mentioned herein. This publication is confidential for the information of the addressee only and may not be reproduced in whole or in part; copies circulated, or disclose

  3. Slide 3: An Introduction to Project Indigo

    An Introduction to Project Indigo Project Indigo is backed by the Injective Foundation to set a new institutional standard in blockchain-based digital asset treasuries. Net PIPE proceeds will be used to purchase INJ on the secondary market. No unlocks, no warrants or discounts for the Injective Foun

  4. Slide 4: Project Indigo Anchor Investors

    ti Project indigo Project Indigo Anchor Investors Over $60 Million has been committed by marquee anchor investors into the PIPE already, signaling institutional conviction and momentum. FALCON X i:a¢li MONARQ (> canary capital am kraken @ Injective — Foundation — @l D.BORAL

  5. Slide 5: The $130 Trillion Opportunity for Onchain Finance

    Fil Project indigo The $130 Trillion Opportunity for Onchain Finance Onchain Finance Opportunity by 2030 Citi Global Perspectives & Solutions 2024 Includes tokenization, DeFi protocols, onchain trading, lending and digital treasuries. Strictly Confidential - $130 Trillion Trillion - $5 Trillion Glob

  6. Slide 6: Why Injective is the Next Major Breakout in the World of Digital Assets

    Why Injective is the Next Major Breakout in the World of Digital Assets

  7. Slide 7: Project Indigo is Backed by the Injective Foundation

    Pti Project indigo Project Indigo is Backed by the Injective Foundation The Injective Foundation and its co-founders are personally investing in Project Indigo. They are committed for the long term, with no cash warrants, long lockups, and an investment at a premium compared to all other PIPE invest

  8. Slide 8: Injective: The Premier Blockchain for Building Financial Applications

    PEI Project indigo Injective: The Premier Blockchain for Building Financial Applications Purpose-built for speed, customization, and institutional-grade liquidity. mt Instant Faster Unmatched Shared Functionality Development Customizability Institutional Liquidity Ready-to-use modules Professionally

  9. Slide 9: Market-Leading Performance Built for Institutional Adoption

    Market-Leading Performance Built for Institutional Adoption fim Leading Chain by Revenue 7+ Years in Business Fully Circulating Supply @ Onchain Orderbook INJ has been Trading Live for 4+ Years Zero Gas Fees Pti Project indigo Native Financial Primitives 0 Instant Finality, 25k+ TPS @ P.BORAL

  10. Slide 10: Injective Investors

    °$e-BINANCE Injective is the first project incubated by Binance Labs Strictly Confidential Injective Investors Injective has survived multiple crypto cycles and is backed by leading global investors, having PAN'f"ERA Injective raises a $3M Seed Round Led by Pantera Capital raised $57M to date. °$-BI

  11. Slide 11: Injective Brings Decades of Expertise from Leading Companies and Institutions

    Pti Project indigo Injective Brings Decades of Expertise from Leading Companies and Institutions amazon @two sicma @crypto.com SAMSUNG [é } ew ‘® Penn ne HARVARD G Y UNIVERSITY STANFORD T:SLn ari coinbase Tower m«kraken RESEARCH CAPITAL @p.poRAL

  12. Slide 12: World Class Anticipated DAT Board & Advisors

    World Class Anticipated DAT Board & Advisors iang Tang Board S. MIT Steven McClurg Board * CEO at Canary Capital + Former Managing Director at Galaxy Digital + Former Managing Director at Guggenheim Partners Joshua Lim Board * Global Co-head of Markets at FalconX + Former Head of Trading Strategy at

  13. Slide 13: World Class Anticipated DAT Board & Advisors

    Strictly Confidential World Class Anticipated DAT Board & Advisors rick Liou Board rector of Institutional at Gemini rmer VP of FX & Equity Trading at BlackRock Anthony Georgiades Board + General Partner at Innovating Capital + Seed investor at Injective * B.S. and M.S. UPenn Vanessa Grellet Board «

  14. Slide 14: Injective Trades at One of the Most Attractive Market Value-to-Revenue Multiples

    ti Project indigo Injective Trades at One of the Most Attractive Market Value-to-Revenue Multiples in the Industry This metric shows the market value assigned to each dollar of a blockchain's annual revenue, similar to the price-to-sales (PIS} multiple used in equities. Market Cap-to-Revenue 10000 8

  15. Slide 15: INJ: A Revenue Generating Token Economy

    Pti Project indigo INJ: A Revenue Generating Token Economy 16,000 14,000 t Ecosystem Size t INJ Burn Auction © 15000 &Revenue The 3 socom INJ Token t 9.000 Economy 6.000 m ss 4,000 2,000 t Economic Activity t Deflationary INJ Jun 2023 Aug 2023 Oct 2023 Dec 2023. Feb2024 «= Apr2024 = Jun 2024 INJ rev

  16. Slide 16: Fully Circulating Supply. Zero Unlock Risk.

    % Project indigo Fully Circulating Supply. Zero Unlock Risk. 2) v v7) e 52% eis 4A% © retenly 5 35% S MUncted «= Injective : Arbitrum Toncoin Ethena Sui Story (ARB) (TON) (ENA) (SUI) (IP) Source: CoinMarketCap The INJ token has no future private investor vests. @ D.BORAL

  17. Slide 17: INJ: High Yield, Multi Utility, and Deflationary by Design

    INJ: High Yield, Multi Utility, and Deflationary by Design INJ is ¢« Rewarded via staking with earnings accruing every second, offering one of the highest yields in crypto ¢ Fully unlocked with no upcoming investor sell pressure © Biteoin 0% « A multi utility asset used for staking (security and rew

  18. Slide 18: Injective Leads the Digital Asset Market Across Multiple Key Metrics

    ti Project ind Injective Leads the Digital Asset Market Across Multiple Key Metrics $60 billion transaction volume 56 million INJ staked *Updated August 2025 <$0.001 transaction cost 6.7 million INJ burned 2.3 billion transactions 0.61 second block time

  19. Slide 19: Market-Leading Infrastructure. Next-Gen Capabilities.

    ti Project indigo Market-Leading Infrastructure. Next-Gen Capabilities. Injective leads major blockchains in speed, cost, and institutional readiness. Injective © Bitcoin Q Ethereum @ xR? Ledger Osu © ane @ soiana Speed 25,000 tps 7 tps 119 tps 3,400 TPS 120,000 TPS 2,222 TPS 65,000 TPS Time to Fina

  20. Slide 20: Injective Sees Record Growth & Usage

    Transaction count 40m 30m Injective Sees Record Growth & Usage ovov22 07/022 OVOV23 O7/0V23 OVOV24 o70V24 OVOV25 Onchain Transactions on Injective are Surging o7/0v26 2.5b Source: Token Terminal 160 k 120k wehees/ ovovas 02/0125 03/01/25 04/01/25 05/025 06/01/25 07/01 Injective Usage Increased Over

  21. Slide 21: Wall Street Is Already Building on Injective

    Pti Project indigo Wall Street Is Already Building on Injective Injective today powers ETFs, equities, funds, and real- world assets natively onchain. Select Onchain Assets Live on Injective coinbase ‘TT '-T:sti=i © cIRCLE Robinhood f Strictly Confidential $1,500,000,000 $1,250,000,000 $1,000,000,00

  22. Slide 22: Injective Featured Across Global Media

    Project Indigo Injective Featured Across Global Media FORTUNE This Gen Zer dropped out of NYU at just 19 to launch his blockchain Cf:- comrevecrarH ‘The future of money Choe files to list staked Injective ETF from Canary Capital @ THE BLOCK Injective is tokenizing shares of prominent ETH treasury co

  23. Slide 23: The Injective Council of Global Industry Leaders

    The Injective Council of Global Industry Leaders PEE Project indigo Injective unites leading institutions and Fortune 500 companies that actively stake INJ and run enterprise-grade validator nodes on the network. NTTO gat PA Deutsche oo 6 Telekom 1] Republic (J YZiLabs INJECTIVE LAas. CU BitGo KOREA

  24. Slide 24: High-Conviction Opportunity & Robust Capital Structure

    PEE Project indigo High-Conviction Opportunity & Robust Capital Structure Key Highlights @ Attractive Entry Point: equity achieved by the Foundation investing at a premium to reduce mNAY, effectively offsetting dilution and transaction expenses @ _ Significant Allocation of Proceeds to Treasury: net

  25. Slide 25: Appendix

    Appendix Pti Project indigo @iD.BORAL

  26. Slide 26: Technical Differentiators

    Technical Differentiators Powering Institutional Adoption Modular Architecture Like Word Press for building apps. Use modules to instantly deploy financial functionality, with no added work. Multi VM Environment Developers from any ecosystem can build on Injective using their preferred programming l

  27. Slide 27: Proven Track Record of Innovation & Delivery

    © Project Indigo Proven Track Record of Innovation & Delivery x EZ a | Strictly Confidential @ P.BoRAL

  28. Slide 28: Proven Track Record of Innovation & Delivery

    Pti Project indigo Proven Track Record of Innovation & Delivery Strictly Confidential @ P.BoraL

  29. Slide 29: Proven Track Record of Innovation & Delivery

    © Project Indigo Proven Track Record of Innovation & Delivery ° o—_o O- -f- oO oO “f Strictly Confidential (QD. BoRAL

  30. Slide 30: The Future of Institutional Digital Assets Starts Here

    The Future of Institutional Digital Assets Starts Here Backed by Injective, Project Indigo is redefining how institutions hold, manage, and grow digital asset treasuries. ti Projectindigo

  31. Slide 31: Risk Factors

    ti Project indigo Risk Factors Important Disclaimers and Cautionary Information This Presentation contains information provided in good faith, with no warranty of accuracy or timeliness. This presentation will not be updated to reflect updated information and we are under no obligation to do so. Ris

  32. Slide 32: Let's Build the Future of Finance Together

    Project Indigo Let’s Build the Future of Finance Together.

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