secwatch.observer — SEC 8-K summary
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Issuer:     Pineapple Financial Inc. (PAPL)
CIK:        0001938109
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001493152-24-020293
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pineapple Financial enters $15M equity purchase agreement, $300K convertible note with warrants
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- Equity purchase agreement with Brown Stone Capital for up to $15M of common shares; 200,000 commitment fee shares issued.
- Issued $300,000 convertible promissory note at 8% interest, 24-month maturity, convertible into common shares.
- Warrants to purchase 1,000,000 common shares at $5 per share, 9-month term.
- Registration rights agreement filed; unregistered sales under Section 4(a)(2) and Rule 506(b).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938109/000149315224020293/0001493152-24-020293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938109/000149315224020293/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020293

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer