other material
confidence high
sentiment neutral
materiality 0.50
Pineapple extends CGI acquisition payment deadline to March 31, 2022; $100k deposit refundable
PINEAPPLE, INC.
- Amendment extends remaining $900k payment deadline from 60 days to March 31, 2022.
- $100,000 deposit already paid; if balance not paid by new deadline, transaction cancels and deposit returned.
- Pineapple still holds right to acquire 50,000 shares (50% of CGI) for $1M total.
- As of November 26, 2021, none of the shares have been issued to Pineapple.