---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-026153"
form_type: "8-K"
ticker: "PAPL"
cik: "0001938109"
company_name: "Pineapple Financial Inc."
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:59:43.653612+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-026153
- form_type: 8-K
- ticker: PAPL
- cik: 0001938109
- company_name: Pineapple Financial Inc.
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1938109/000164117225026153/0001641172-25-026153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1938109/000164117225026153/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-026153
- JSON: https://secwatch.observer/filing/0001641172-25-026153.json
- Plain text: https://secwatch.observer/filing/0001641172-25-026153.txt

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