---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039593"
form_type: "8-K"
ticker: "PAPL"
cik: "0001938109"
company_name: "Pineapple Financial Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:33:23.552358+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Pineapple Financial prices IPO of 875,000 shares at $4.00; gross proceeds $3.5M

## Summary
- Underwriting agreement with EF Hutton for firm commitment IPO of 875,000 shares at $4.00/share.
- Gross proceeds of $3.5M before underwriting discounts and expenses.
- Over-allotment option for 131,250 additional shares at same price.
- Shares began trading on NYSE American under 'PAPL' on Nov 1, 2023; offering closed Nov 3, 2023.
- Representative's warrants for 3% of shares at 100% of offering price, exercisable for 5 years.

## SEC filing metadata
- accession: 0001493152-23-039593
- form_type: 8-K
- ticker: PAPL
- cik: 0001938109
- company_name: Pineapple Financial Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1938109/000149315223039593/0001493152-23-039593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1938109/000149315223039593/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039593
- JSON: https://secwatch.observer/filing/0001493152-23-039593.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039593.txt

## Key facts
- Material Agreements
  Pineapple Financial Inc. entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC valued at gross proceeds of $3,500,000 (effective 2023-10-31).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: EF Hutton, division of Benchmark Investments, LLC
  - Value: gross proceeds of $3,500,000
  - Effective: 2023-10-31
  source text: On October 31, 2023, Pineapple Financial Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC (the “Representative”), who acted as the representative of the underwriters (the “Representative”), in a firm commitment underwritten initial public offering (the “Offering”) pursuant to which the Company agreed to sell to the Representative 875,000 common shares for gross proceeds of $3,500,000, prior to deducting underwriting discounts and commissions and other estimated offering expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1938109/000149315223039593/0001493152-23-039593-index.htm

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