secwatch / observer
8-K filed September 10, 2025, 7:59 PM ET ticker PAPL CIK 0001938109
other material confidence high sentiment positive materiality 0.85

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

Pineapple Financial Inc.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Pineapple Financial Inc. issued Warrants exercisable into 1,045,654 Common Shares of warrant to Meteora Capital, LLC for Issued as compensation for consulting services.

Security
warrant
Shares
Warrants exercisable into 1,045,654 Common Shares
Purchaser
Meteora Capital, LLC
Consideration
Issued as compensation for consulting services
Exact text from the filing
the Company has also agreed to issue warrants to Meteora Capital, LLC, a consultant of the Company (the “Meteora Warrants”) equal to 4.0% of the total shares outstanding on a pro forma basis after giving effect to the transactions contemplated by the Securities Purchase Agreement, exerciseable into 1,045,654 Common Shares.
View on SEC.gov
Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Pineapple Financial Inc. issued Subscription Receipts exchangeable for Common Shares on a one-for-one basis with proceeds of approximately $100 million of unit to certain accredited investors for Cash and INJ tokens.

Security
unit
Shares
Subscription Receipts exchangeable for Common Shares on a one-for-one basis with proceeds of approximately $100 million
Purchaser
certain accredited investors
Consideration
Cash and INJ tokens
Exact text from the filing
On September 2, 2025, Pineapple Financial Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain accredited investors (the “Purchasers”) pursuant to which the Company agreed to sell and issue to the Purchasers in a private placement offering (the “Private Placement”) subscription receipts (the “Subscription Receipts”) of the Company at an offering price of $3.80 per Subscription Receipt, with respect to certain purchasers, $4.16 per Subscription Receipt.
View on SEC.gov

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Pineapple Financial Inc. filing history →

Source: SEC EDGAR
accession 0001641172-25-027066
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