Pineapple Financial raises $100M via private placement at $3.80/unit for first INJ treasury strategy

Pineapple Financial Inc.

Aggregate proceeds of ~$100M in cash and INJ tokens; priced at $3.80 per subscription receipt.
Subscription receipts exchangeable for common shares or pre-funded warrants at $0.001 exercise price.
Proceeds to fund dedicated Injective treasury and purchase INJ; expected passive yield of ~12%.
Participation from FalconX, Monarq, Kraken, Blockchain.com, Canary Capital, Injective Foundation.
Closing expected September 4, 2025; subject to shareholder approval and SEC registration.

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