{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-027066","form_type":"8-K","ticker":"PAPL","cik":"0001938109","company_name":"Pineapple Financial Inc.","filed_at":"2025-09-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.652284+00:00","generated_at":"2026-05-17T07:07:30.226707+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Pineapple Financial raises $100M in INJ tokens and cash for digital asset treasury; ELOC for $250M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-027066","json":"https://secwatch.observer/filing/0001641172-25-027066.json","markdown":"https://secwatch.observer/filing/0001641172-25-027066.md","text":"https://secwatch.observer/filing/0001641172-25-027066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1938109/000164117225027066/0001641172-25-027066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1938109/000164117225027066/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:07:30.226707+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"79bb0a03e6c8136a3573af25a7265a29c7b77ce9","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1938109/000164117225027066/0001641172-25-027066-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"Warrants exercisable into 1,045,654 Common Shares"},{"label":"Purchaser","value":"Meteora Capital, LLC"},{"label":"Consideration","value":"Issued as compensation for consulting services"}],"fact_type":"equity_issuance"},{"claim_id":"f743da59375ef2adbd2614d44338484c263ee2b8","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1938109/000164117225027066/0001641172-25-027066-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"unit"},{"label":"Shares","value":"Subscription Receipts exchangeable for Common Shares on a one-for-one basis with proceeds of approximately $100 million"},{"label":"Purchaser","value":"certain accredited investors"},{"label":"Consideration","value":"Cash and INJ tokens"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}