Pineapple Financial Inc. Announces 1-for-20 Reverse Stock Split

Core Viewpoint - Pineapple Financial Inc. will implement a 1-for-20 reverse stock split of its common shares effective July 16, 2025, to increase the per-share market price and regain compliance with NYSE American's Listing Qualifications [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 20 issued and outstanding common shares into one common share, reducing the number of outstanding shares from 20,092,025 to 1,004,675 [2]. - The number of authorized shares will remain unchanged, and no fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [2][4]. - Following the reverse split, the common shares will trade under the new ticker symbol "PAPLD" and will revert to "PAPLF" after 20 business days [3]. Group 2: Company Overview - Pineapple Financial Inc. is a Canadian mortgage technology and brokerage company that focuses on enhancing the experience of homeowners and the success of agents and brokers [5]. - The company utilizes cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [5]. - Pineapple is also engaged in community support, sponsoring charities across Canada to improve the lives of fellow Canadians [5].