Here are the S-1 registration statements from Pineapple Financial Inc. (PAPL) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow PAPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAPL filings page.
Pineapple Financial Inc. is registering 25,682,046 common shares for resale by existing investors, largely tied to a recent private placement that raised approximately $100 million to fund an INJ-focused digital asset treasury strategy. The resale includes shares issuable from subscription receipts and 1,039,346 warrant shares for a consultant, and the company will not receive any proceeds from investors’ sales. As of December 12, 2025, 1,345,941 common shares were outstanding, so the registered amount is large relative to the current equity base. The company plans to concentrate its treasury in INJ tokens, use staking and derivatives, employ external asset managers, and has drawn on a $15 million credit facility to buy additional INJ, while highlighting extensive risks around digital-asset volatility, regulation, custody, illiquidity and potential discounts of its share price to net asset value, alongside its existing Canadian mortgage technology and brokerage business.