Core Viewpoint - Pineapple Financial Inc. has announced a $100 million private placement to launch the first digital asset treasury strategy anchored in INJ, the native asset of Injective, positioning itself as the first publicly traded INJ holder globally [2][6][7] Group 1: Company Strategy and Positioning - The INJ treasury strategy is expected to generate a passive yield of approximately 12%, one of the higher yields across major blockchain networks [3] - By focusing on an INJ-first strategy, the company aims to explore how blockchain-based assets can advance the financial industry, aligning with the multi-trillion-dollar tokenization trend [3][4] - The transaction drew participation from leading investors across traditional finance and crypto, indicating strong confidence in Pineapple's strategy and Injective's potential [6][9] Group 2: Industry Context and Future Outlook - The Injective blockchain has powered over $60 billion in transactions and is experiencing strong adoption, with usage surging more than 1,000% year to date [4] - The investment into INJ is seen as a way to address structural challenges in traditional financial processes, promoting speed, efficiency, and transparency [8] - The move is viewed as a significant step towards merging traditional finance with blockchain technology, potentially transforming the financial landscape [4][7]

Core Viewpoint - Pineapple Financial Inc. has issued a statement addressing recent unusual trading activity, confirming no material developments beyond previously disclosed information [1][2]. Group 1: Company Response - The company conducted an internal review and found no new material developments in its business [1]. - Pineapple Financial emphasizes reliance on official filings and press releases for updates [1]. - The recent Form 8-K filing highlighted an improved cash position and ongoing execution of its strategic plan [2]. Group 2: Company Overview - Pineapple Financial is a leading Canadian mortgage brokerage network and fintech company, focusing on the success of agents and brokers as well as enhancing the homeowner experience [3]. - The company utilizes advanced cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [3]. - Pineapple is actively involved in community support, sponsoring charities across Canada to improve lives [3].

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]

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].

Core Insights - Pineapple Financial reported reduced losses and improved cash flow for Q3 Fiscal 2025, indicating sustainable growth in a shifting market [1][2] - The company emphasized fiscal discipline, innovation, and responsible growth amidst market uncertainties [2] Financial Performance - Gross Billings reached $14.23 million, a 15.23% increase from $12.35 million in the same period last year [7] - Revenue rose 11.78% to $2.26 million, compared to $1.97 million in 2024 [7] - Operating Expenses declined 3.48% to $4.25 million, down from $4.42 million last year [7] - Operating Loss narrowed by 16.76% to $1.99 million, compared to $2.45 million in the prior year [7] - Net Cash Used in Operations improved significantly to $439,198, from $1.44 million in the same period last year [7] - Cash on Hand stood at $1.13 million as of May 31, 2025, compared to $580,356 at August 31, 2024 [7] Strategic Developments - On June 26, 2025, the Board approved a 1-for-20 reverse stock split to support NYSE American relisting requirements [8] - The company maintains access to a $15 million Equity Line of Credit, supporting future liquidity needs [8] - Pineapple enhanced its proprietary PineappleONE platform, now powering over 700 brokers across Canada [9] Market Context - The Canadian mortgage market remains resilient, with over $2 trillion in outstanding residential mortgage credit as of Q2 2025 [11] - Over $400 billion in Canadian mortgages are set to renew by 2026, creating significant opportunities for tech-enabled providers [10]

Market Performance - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by over 300 points on Friday. The Dow rose by 1.43% to 41,337.37, the NASDAQ climbed 1.76% to 18,023.33, and the S&P 500 gained 1.61% to 5,694.47 [1] - In the commodities market, oil prices decreased by 1.5% to $58.38, while gold prices increased by 0.4% to $3,234.20. Silver fell by 1% to $32.150, and copper rose by 1.2% to $4.6825 [5] Company Earnings - Apple Inc. reported a fiscal second-quarter revenue of $95.36 billion, surpassing analyst expectations of $94.53 billion. The earnings per share were $1.65, exceeding the forecast of $1.63. However, shares fell approximately 4% following the announcement [2] Sector Performance - Communication services stocks saw a significant increase of 2.7% on Friday, while consumer staples stocks rose modestly by 0.6% [1] Notable Stock Movements - Polyrizon Ltd. shares surged by 295% to $1.0002 after a successful safety study of its allergy blocker formulation [7] - Freight Technologies, Inc. shares increased by 111% to $2.0808 following an agreement for the issuance of convertible notes worth up to $20 million [7] - Adaptive Biotechnologies Corporation shares rose by 36% to $10.02 after beating EPS and revenue estimates in its first-quarter results [7] - Pineapple Financial Inc. shares dropped by 34% to $0.1289 after announcing a $1.5 million public offering [7] - Cable One, Inc. shares fell by 42% to $152.23 after reporting disappointing first-quarter results and receiving a downgrade from Keybanc [7] - Draganfly Inc. shares decreased by 35% to $1.9050 after pricing a $3.6 million public offering at $2.10 per unit [7] International Markets - European shares showed positive performance, with the eurozone's STOXX 600 gaining 1.67%, Spain's IBEX 35 Index rising by 1.2%, London's FTSE 100 increasing by 1.17%, Germany's DAX 40 up by 2.62%, and France's CAC 40 adding 2.33% [6] - Asian markets also closed higher, with Japan's Nikkei gaining 1.04%, Hong Kong's Hang Seng Index surging 1.74%, and India's BSE Sensex rising by 0.32% [8]

As filed with the Securities and Exchange Commission on July 5, 2023 Registration No. 333-268636 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Primary Standard Industrial Classification Code Number) Ontario, Canada 6199 Not applicable (I.R.S. Employer Identification Number) Unit 200, 111 Gordon Baker Road North York, Ontario M2H 3R1 Tel: (416) 669-2046 (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices) Amendment No ...