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Pineapple Financial Reports Fiscal Q1 2026 Financial Results and Introduces FY 2026 Outlook and DAT Update
TMX Newsfile· 2026-01-20 23:58
Core Insights - Pineapple Financial Inc. reported Q1 2026 gross billings of $4.1 million and revenue of $0.7 million, with expectations for FY 2026 gross billings between $17.5 million and $20.8 million and revenue between $7.7 million and $9.5 million [1][9] - The company has transitioned from an infrastructure build-out phase to an execution-focused operating phase, emphasizing operating discipline, earnings quality, and capital efficiency [2][3] Financial Performance - Q1 2026 gross billings decreased to $4.1 million from $4.4 million in Q1 2025, while revenue fell to $0.7 million from $0.8 million in the same period [14] - Total expenses for Q1 2026 were $7.3 million, significantly higher than $1.5 million in Q1 2025, primarily due to a $6.1 million non-cash change in fair value related to the Digital Asset Treasury [14] - Loss from operations was $6.6 million compared to $0.7 million in Q1 2025, but net cash used in operations improved to $0.5 million from $0.7 million [18] Strategic Developments - The company has launched a mortgage tokenization platform, converting real-world mortgage records into secure digital assets on the INJ blockchain, marking a significant advancement in its financial infrastructure strategy [5] - Nearly $1 billion in originated mortgages have been tokenized, with plans to migrate a full historical portfolio of over 29,000 funded mortgages, totaling approximately $13.7 billion CAD [6] - The tokenization initiative supports the rollout of a Mortgage Data Marketplace and Pineapple Prime, aimed at generating high-margin, recurring revenue streams [7] Market Outlook - The Canadian mortgage market is expected to remain resilient, with over 1.1 million households anticipated to renew their mortgages in 2026, providing consistent opportunities for mortgage providers [13] - Pineapple expects to expand its agent network to between 700-1000 agents during fiscal 2026, supported by targeted recruitment and improved retention strategies [11] - The company projects continued improvement in unit economics and operational efficiency as it scales its platform [12]
Market Movements: Top Gainers Across Industries
Financial Modeling Prep· 2026-01-09 00:00
Core Insights - flyExclusive, Inc. has seen a stock price increase to $6.94, representing a 121.02% rise, driven by its expansion in private jet operations and strategic positioning for long-term growth [1][5] - China SXT Pharmaceuticals, Inc. has climbed to $4.87, a 143.75% increase, with its focus on traditional Chinese medicine and the Strategic AI Insights Initiative as key growth drivers [2][5] - Pineapple Financial Inc. has experienced a stock price rise to $2.73, a 91.26% increase, attributed to its innovative MyPineapple technology platform and the appointment of Anthony Georgiades to its Board of Directors [3][5] Company Developments - flyExclusive is enhancing its operations in Raleigh, North Carolina, to attract top talent and improve collaboration [1] - China SXT Pharmaceuticals is integrating advanced technology into its operations through AI-supported clinic deployment [2] - Pineapple Financial's strategic positioning is strengthened by the expertise of its new board member in digital assets and institutional investment [3] Market Trends - The movements of these companies indicate strong investor interest in innovation within their sectors, highlighting opportunities for growth in diverse market segments [4]
香港抵押贷款经纪服务公司FG Holdings(FGO.US)提高IPO规模 定价4美元/股
Zhi Tong Cai Jing· 2026-01-07 07:45
Core Viewpoint - FG Holdings, a Hong Kong-based mortgage brokerage company, has increased the proposed size of its upcoming IPO, now planning to raise $15 million by issuing 3.8 million shares at a proposed price of $4 per share, which is a 67% increase from its previous plan [1] Group 1: IPO Details - The company initially planned to issue 2 million shares at a price range of $4 to $5 [1] - The revised transaction size results in a market capitalization of $135 million, which is a 6% decrease from previous terms [1] - The IPO is set to be listed on NASDAQ under the ticker symbol FGO, with D.Boral Capital and uSmart Securities acting as co-book runners for the transaction [1] Group 2: Company Operations - FG Holdings operates a fintech platform that provides private credit mortgage and bank mortgage brokerage services [1] - The company has facilitated over $1.3 billion in loans to 711 borrowers since its inception [1] - For the 12 months ending June 30, 2025, FG Holdings recorded revenue of $3 million [1]
FG(FGO) - Prospectus(update)
2026-01-06 17:54
As filed with the U.S. Securities and Exchange Commission on January 6, 2026. Registration No. 333-283297 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 11 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ FG Holdings Limited (Exact name of Registrant as specified in its charter) _______________________ Not Applicable (Translation of Registrant's name into English) _______________________ | British Virgin Islands | 6199 | Not A ...
The FUTR Corporation Announces Enterprise Agreement with Direct Wholesale Rates to Expand AI-Powered Mortgage, Payments, and Home Concierge Services in the U.S.
TMX Newsfile· 2025-12-29 22:00
Core Viewpoint - The FUTR Corporation has entered into a partnership with DWR Residential to integrate its AI-powered consumer finance services into DWR's mortgage platform, enhancing the customer experience for mortgage consumers in the U.S. [1][5] Group 1: Partnership Details - The agreement allows FUTR to launch its high-fidelity AI platform, FUTR Payments, and FUTR Agent within DWR's mortgage ecosystem across the United States [2] - DWR consumers will benefit from FUTR's intelligent payment rails, which can analyze mortgage structures and recommend optimized payment schedules, potentially reducing interest costs by up to $100,000 over the life of a loan [2] - The FUTR Agent will serve as a home concierge, processing various data and documents to provide personalized recommendations, with consumers earning FUTR Tokens for contributing home data [3] Group 2: Pilot Program and Future Plans - The pilot phase will include the delivery of data-driven mortgage application packages, known as FUTR Intents, aimed at improving consumer engagement and conversion efficiency [4] - The initial program will focus on the U.S. market, with potential for expansion into other jurisdictions by mutual agreement [5] Group 3: Corporate Changes - FUTR has announced a change in its fiscal year end from June 30th to December 31st, aligning its financial reporting with operational cycles and strategic planning [6]
Pineapple(PAPL) - Prospectus
2025-12-12 21:48
As filed with the Securities and Exchange Commission on December 12, 2025 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PINEAPPLE FINANCIAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Canada 6199 Not applicable (I.R.S. Employer Identification No.) Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Copies to: Darrin Ocasio, Esq. Sichenzia Ro ...
FG(FGO) - Prospectus(update)
2025-09-30 13:52
As filed with the Securities and Exchange Commission on September 30, 2025. Registration No. 333-283297 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 10 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ FG Holdings Limited (Exact name of Registrant as specified in its charter) _______________________ Not Applicable (Translation of Registrant's name into English) _______________________ | British Virgin Islands | 6199 | Not App ...
FG(FGO) - Prospectus(update)
2025-09-22 17:18
As filed with the Securities and Exchange Commission on September 22, 2025. Registration No. 333-283297 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 9 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ FG Holdings Limited (Exact name of Registrant as specified in its charter) _______________________ Not Applicable (Translation of Registrant's name into English) _______________________ | British Virgin Islands | 6199 | Not Appl ...
FG(FGO) - Prospectus(update)
2025-09-05 16:27
As filed with the Securities and Exchange Commission on September 5, 2025. Registration No. 333-283297 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 8 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ FG Holdings Limited (Exact name of Registrant as specified in its charter) _______________________ Not Applicable (Translation of Registrant's name into English) _______________________ | British Virgin Islands | 6199 | Not Appli ...
The Bank of Glen Burnie Expands Mortgage Services Through Acquisition of VA Wholesale Mortgage, Inc.
Globenewswire· 2025-08-18 14:00
Core Viewpoint - The Bank of Glen Burnie has completed the acquisition of VA Wholesale Mortgage, Inc., which will enhance its mortgage business by expanding product offerings and geographical reach, particularly in serving military personnel and their families [1][2][3]. Company Overview - The Bank of Glen Burnie is a wholly owned subsidiary of Glen Burnie Bancorp, engaged in commercial and retail banking, with a focus on real estate financing and various loan products [7]. - VA Wholesale Mortgage, Inc. is a veteran-owned mortgage company specializing in VA home loans and other mortgage products, operating in multiple states [8]. Acquisition Details - The acquisition aims to provide a consistent source of capital for VA Wholesale Mortgage, allowing for growth and improved service delivery to customers [2][4]. - VA Wholesale Mortgage closed approximately $125 million in mortgage loans in 2024, indicating a strong operational foundation prior to the acquisition [3]. Strategic Benefits - The acquisition will enable The Bank of Glen Burnie to quickly expand its mortgage offerings, including FHA, VA, and first-time homebuyer mortgages, thereby better serving its growing customer base [3][5]. - The integration of VA Wholesale Mortgage will allow the Bank to take on administrative responsibilities, freeing up VAWM's team to focus on client service [2][4]. Market Positioning - The Bank of Glen Burnie is positioned to leverage VA Wholesale Mortgage's expertise in serving military personnel, which is a key differentiator in the mortgage lending market [5]. - The acquisition is expected to enhance the Bank's outreach to veterans and active-duty military personnel, expanding its customer base [5].