other material
confidence high
sentiment neutral
materiality 0.60
Pineapple Financial raises ~$1.0M in registered direct offering of shares and pre-funded warrants
Pineapple Financial Inc.
- Offering includes 382,667 common shares at $0.60/share and pre-funded warrants for 1,284,000 shares at $0.5999 per warrant.
- Gross proceeds of approximately $1.0 million; offering closed November 14, 2024.
- Additional warrants to purchase 1,666,667 common shares at $0.60/share, exercisable in 6 months, expiring in 5.5 years.
- Placement agent D. Boral Capital receives 7% cash fee and warrants for 58,333 shares at $0.66 per share.
- Company agrees to 60-day lock-up on further equity issuance and variable rate transactions.