Pineapple Financial Announces Relisting on the NYSE American

Core Viewpoint - Pineapple Financial Inc. has successfully completed a 1-for-20 reverse stock split and has been approved for relisting on the NYSE American, marking a significant milestone in its growth strategy and operational momentum [1][2][3] Company Developments - The relisting reflects Pineapple's return to full exchange compliance, supported by ongoing operational strength and a positive market outlook for the Canadian mortgage sector [2] - The reverse stock split was implemented to regain compliance with the NYSE American's minimum price requirement and broaden institutional appeal [3] - Pineapple has introduced major advancements since its IPO, including the PineappleONE mortgage tech platform and a national insurance vertical launch [4] Operational and Financial Performance - Pineapple reported a year-over-year volume growth of 13.3% and a 13.9% increase in gross billings for fiscal Q3 [5] - The company reduced staff-related expenses by 32.3% and implemented key operational efficiencies, positioning itself for sustained profitability [5] - Pineapple is focused on aligning its platform, people, and product strategy to meet market needs as interest rates normalize [5]