Pineapple Financial Inc. Stock Price, News & Analysis

Pineapple Financial (NYSE American: PAPL) has announced a groundbreaking $100 million private placement to establish the first digital asset treasury strategy focused on INJ, the native token of the Injective blockchain. This strategic move makes Pineapple the first publicly traded INJ holder worldwide.

The treasury strategy is expected to generate a passive yield of approximately 12%. The transaction attracted notable investors including FalconX, Monarq, Abraxas, Kraken, Blockchain.com, Canary Capital, and the Injective Foundation. Injective's blockchain currently powers over $60 billion in transactions and has seen usage surge by more than 1,000% year to date.

Pineapple Financial Inc. (NYSE American: PAPLD) has issued a statement addressing unusual trading activity in its stock. The company confirmed that there are no undisclosed material developments in its business beyond what has been previously reported publicly.

The company referenced its recent Form 8-K filing which had disclosed an improved cash position and ongoing execution of its strategic plan. Pineapple emphasized its commitment to transparency and maintaining compliance with continuous disclosure obligations.

Pineapple Financial (NYSE American: PAPLD) has announced its successful relisting on the NYSE American following a 1-for-20 reverse stock split, with trading set to resume on July 22, 2025. The company, a leading Canadian mortgage technology and brokerage firm, has demonstrated strong operational performance with 13.3% year-over-year volume growth and 13.9% increase in gross billings in Q3.

Under CEO Shubha Dasgupta's leadership, Pineapple has implemented significant operational improvements, including a 32.3% reduction in staff-related expenses. The company has advanced its proprietary PineappleONE mortgage platform and launched a national insurance vertical, positioning itself for growth in the Canadian housing market.

Pineapple Financial Inc. (NYSE: PAPL), a tech-enabled mortgage brokerage and fintech platform, has announced a proposed share consolidation plan to be voted on at a special meeting on June 26, 2025. The consolidation ratio will be between 10:1 and 20:1 pre-consolidation shares for each post-consolidation share.

The company's Board of Directors has approved submitting this special resolution to shareholders, with a record date of May 23, 2025. CEO Shubha Dasgupta stated that this move aims to strengthen the company's capital structure, enhance its trading profile, and support future growth. The consolidation is expected to increase the per-share trading price and potentially improve the company's ability to attract institutional investors while maintaining NYSE American listing requirements.

Pineapple Financial (NYSE: PAPL) has issued an official statement refuting false claims made by Flash Alert regarding the company's stock structure. The company explicitly denies reports about a purported 1-for-90 reverse stock split and alleged reduction of shares outstanding from 1M to 90M. Additionally, PAPL confirms that claims about the issuance of 450,000,000 free shares are completely false.

The company is actively investigating the source of this misinformation and plans to take necessary measures to protect shareholder interests and maintain its reputation. PAPL emphasizes its ongoing commitment to maintaining transparent and responsible communication with investors.

[ "Quick response to address and deny false market information", "Proactive stance in protecting shareholder interests", "Commitment to transparent communication with investors" ]

Pineapple Financial Inc. (NYSE American: PAPL), a Canadian mortgage technology and brokerage firm, has completed a public offering raising $1.5 million in gross proceeds. The offering consisted of 10 million units priced at $0.15 per unit, with each unit comprising one common share and one warrant to purchase an additional common share.

D. Boral Capital LLC served as the exclusive placement agent for the offering, which was conducted under an effective SEC registration statement on Form S-1. The offering was made through a prospectus, with legal counsel provided by Sichenzia Ross Ference Carmel LLP for Pineapple and Lucosky Brookman LLP for D. Boral Capital.

Pineapple Financial Inc. (NYSE American: PAPL), a Canadian mortgage technology and brokerage firm, has announced the pricing of a $1.5 million public offering. The offering consists of 10 million units priced at $0.15 per unit, with each unit comprising one common stock share and one warrant to purchase an additional share. The offering is expected to close around May 5, 2025.

D. Boral Capital LLC is serving as the Exclusive Placement Agent, with legal counsel provided by Sichenzia Ross Ference Carmel LLP for Pineapple and Lucosky Brookman LLP for D. Boral Capital. The offering is being conducted under the Company's Form S-1 registration statement, which was declared effective by the SEC on May 1, 2025.

Pineapple Financial Inc. (NYSE: PAPL) has announced a strategic partnership with Canadian Protection Plan (CPP) to expand its Pineapple Insurance division. The collaboration will enhance the company's life, creditor, and disability insurance offerings for mortgage clients. This expansion taps into a significant market opportunity, with the Canadian life and health insurance sector generating $122 billion CAD in premiums in 2022 and projected to grow at 4.5% annually through 2027. The partnership leverages the potential of 700,000 new mortgages issued annually and nearly 47% of mortgages set to renew within three years. Building on Pineapple Insurance's successful launch earlier this year, this partnership aligns with recent regulatory changes requiring insurance offers for all mortgage applications. The company operates as a licensed Managing General Agent in Ontario, Manitoba, British Columbia, and Alberta, strengthening its position in the Canadian mortgage and financial services sector.

Pineapple Financial (NYSE: PAPL) has launched Pineapple+, a proprietary end-to-end broker platform that consolidates key operational functions including CRM, deal processing, document management, and marketing automation. The platform is expected to eliminate nearly $1 million in annual costs by reducing third-party technology and licensing expenses. Pineapple+ maintains selective third-party integrations only for specialized areas like compliance and payroll. The cost savings will be fully reflected starting May 2025, aligning with the company's profitability goals. The platform aims to drive revenue growth through enhanced broker productivity, improved client retention, and advanced AI capabilities. Management views this as a transformational milestone that strengthens their competitive position in Canada's mortgage sector.