IPO - Pineapple Financial Inc.

Form Type: 8-K

Filing Date: 2025-05-06

Corporate Action: Ipo

Type: New

Accession Number: 000164117225008757

Filing Summary: On May 1, 2025, Pineapple Financial Inc. entered into a Placement Agency Agreement with D. Boral Capital LLC for a public offering of 10,000,000 units at a public offering price of $0.15 per unit. Each unit consists of one common share and one warrant to purchase a common share at an exercise price of $0.15, valid for five years. The gross proceeds from the offering are expected to be approximately $1.5 million. The offering was conducted on a best efforts basis under the Company’s registration statement on Form S-1, declared effective on May 1, 2025. The closing of the offering occurred on May 5, 2025. The Company agreed to pay D. Boral Capital a fee of 7% of the gross proceeds, a 0.5% non-accountable expense allowance, and reimbursement for expenses up to $100,000. The Company issued press releases on May 2 and May 5, 2025, announcing the pricing and closing of the offering, respectively.

Form Type: 424B4

Filing Date: 2025-05-05

Corporate Action: Ipo

Type: New

Accession Number: 000164117225008633

Filing Summary: Pineapple Financial Inc. is conducting a public offering of 10,000,000 Units at a price of $0.15 per Unit, each consisting of one common share and one Series A Warrant. The warrants are exercisable at $0.15 per share for five years. This offering is being made on a best efforts basis with D. Boral Capital LLC acting as the exclusive placement agent. The company plans to use the proceeds for general corporate purposes, including working capital. The offering does not have a minimum amount required for closing, which may impact the amount of proceeds received. A substantial part of the revenue is projected to derive from online marketing and software solutions for mortgage agents in Canada. Post-offering, the company anticipates delivering the Units on May 5, 2025. Pineapple Financial is currently recognized as an emerging growth company and is focusing on expanding its operational footprint in the mortgage technology space.

Form Type: S-1

Filing Date: 2025-04-25

Corporate Action: Ipo

Type: New

Accession Number: 000164117225006290

Filing Summary: Pineapple Financial Inc. filed a Form S-1 registration statement with the SEC on April 25, 2025, for an initial public offering (IPO) of up to 17,587,055 units. Each unit consists of one common share and one warrant to purchase one common share, with an exercise price of $0.2843. The company is also offering pre-funded units, which include a pre-funded warrant and a regular warrant. The offering aims to raise capital for general corporate purposes, including working capital and investments. The company operates within the Canadian mortgage technology and brokerage sectors, providing services to mortgage agents and consumers. The securities will not be listed on any exchange for the duration of the offering, and the offering is structured as a best efforts basis with D. Boral Capital LLC acting as the placement agent. Pineapple Financial Inc. is categorized as a smaller reporting company and as an emerging growth company, thereby electing to comply with reduced reporting requirements as specified under the Jobs Act.