Core Viewpoint - Pineapple Financial Inc. has successfully closed a public offering, raising gross proceeds of $1,500,000 through the sale of 10,000,000 units at a price of $0.15 per unit, each unit consisting of one common share and one warrant [1][3]. Group 1: Offering Details - The public offering consisted of 10,000,000 units priced at $0.15 each, resulting in total gross proceeds of $1,500,000 before fees and expenses [1]. - The offering was conducted under an effective registration statement filed with the SEC, which was declared effective on May 1, 2025 [3]. - D. Boral Capital LLC served as the exclusive placement agent for the offering, while legal counsel was provided by Sichenzia Ross Ference Carmel LLP for the Company and Lucosky Brookman LLP for D. Boral Capital LLC [2]. Group 2: Company Overview - Pineapple Financial Inc. is a prominent Canadian mortgage technology and brokerage firm, focused on enhancing the mortgage experience for brokers, lenders, and clients [5]. - The company offers advanced tools, marketing automation, analytics, and proprietary technology aimed at simplifying the mortgage process [5]. - Pineapple is committed to innovation and aims to set a new standard for excellence within the mortgage industry [5].
Pineapple Financial Inc. (PAPL) Announces Closing of $1.5 Million Public Offering