Pineapple Financial raises $100M in INJ tokens and cash for digital asset treasury; ELOC for $250M

Pineapple Financial Inc.

Raised ~$100M via subscription receipts ($3.80/$4.16 each) to acquire INJ, the native token of Injective blockchain.
First publicly traded company to hold INJ; treasury strategy targets ~12% passive staking yield.
Entered $250M ELOC with White Lion Capital to sell common shares at discounts; pays $1.5M in INJ as commitment fee.
Issued 5-year Meteora warrants for 1,045,654 common shares at $3.80, equal to 4% of pro forma shares.
Funds released after shareholder approval, SEC registration, and NYSE American clearance.

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