---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008684"
form_type: "8-K/A"
ticker: "PNPL"
cik: "0001654672"
company_name: "PINEAPPLE, INC."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:36:09.700409+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pineapple sells 45.17% of subsidiary Pineapple Ventures to co-founder for 20M shares and debt extinguishment

## Summary
- Sold 45.17% equity interest in Pineapple Ventures, Inc. to co-founder Jaime Ortega.
- Consideration: 20,000,000 shares of common stock plus full debt extinguishment owed to PVI and Neu-Ventures.
- Post-transaction shares outstanding: 71,163,569.
- Amended agreement effective as of December 31, 2022; filed to correct effective date in prior 8-K.

## SEC filing metadata
- accession: 0001493152-23-008684
- form_type: 8-K/A
- ticker: PNPL
- cik: 0001654672
- company_name: PINEAPPLE, INC.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654672/000149315223008684/0001493152-23-008684-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654672/000149315223008684/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008684
- JSON: https://secwatch.observer/filing/0001493152-23-008684.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008684.txt

## Key facts
- Material Agreements
  PINEAPPLE, INC. amended Amended Letter Agreement with Jaime Ortega (effective 2023-03-10).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Jaime Ortega
  - Effective: 2023-03-10
  source text: On March 10, 2023, the Company entered into an Amended Binding Letter of Intent (the “Amended Letter Agreement”), effective as of December 31, 2022 (the “Effective Date”), with its Co-Founder, Jaime Ortega (“Ortega”) where the Company agreed to sell 45.17% of its equity interest (the “PVI Interest”) in Pineapple Ventures, Inc. (“PVI”), in exchange for: (i) the purchase price of twenty million (20,000,000) shares of the Company’s common stock, $0.0000001 par value per share (the “Common Stock”) and (ii) the extinguishment of all of the Company’s debt to PVI and Neu-Ventures, Inc. (“NVI”), respectively, of which both PVI and NVI are wholly owned by Ortega (the “Share Repurchase”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654672/000149315223008684/0001493152-23-008684-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.