regulatory
confidence high
sentiment negative
materiality 0.85
NYSE American begins delisting Pineapple Financial over low bid price; shares move to OTC Pink
Pineapple Financial Inc.
- NYSE American delisting proceedings commenced May 14, 2025, due to bid price falling below $0.10.
- Company intends to appeal to Listings Qualifications Panel; shares now trade on OTC Pink (PAPLF).
- Reverse stock split approved by Board; special shareholder meeting scheduled for June 2025.
- Company attributes price decline to false and malicious information; operations remain unaffected.
- No assurance appeal will succeed; trading suspended pending SEC application.