Pineapple Financial Inc.
4.5000+0.02 (+0.45%)
Oct 29, 3:59:50 PM EDT · NYSE American · PAPL · USD
Key Stats
Market Cap
6.06MP/E (TTM)
-Basic EPS (TTM)
-8.20Dividend Yield
0%Recent Filings
8-K
ISDA for INJ hedging
Pineapple Financial Inc. signed an ISDA Master Agreement with FalconX on September 30, 2025, to hedge risks in its $100 million INJ Treasury Strategy, funded by a private placement that closed September 4. The deal enables swaps, options, and other derivatives, backed by a Credit Support Annex for collateral adjustments amid crypto volatility. Yet hedging can't erase market swings. Events of default include payment failures and cross-defaults.
8-K
Pineapple Financial Inc. announces the closing of a $100M private placement to initiate an Injective digital asset treasury, marking it as the first public company to hold INJ. The offering includes subscription receipts for common shares, with net proceeds funding INJ purchases and treasury setup. This move positions Pineapple at the forefront of fintech-blockchain convergence, leveraging INJ's high staking yields and liquidity for tokenized assets.
Pineapple Financial Inc. has closed a $100 million private placement to launch an Injective (INJ) digital asset treasury strategy, becoming the first publicly traded company to hold INJ. The transaction involves issuing subscription receipts exchangeable for common shares upon meeting escrow conditions, with proceeds allocated to acquire INJ and establish treasury operations. The strategy aims to generate yields through staking and aligns with blockchain-based finance innovations.
8-K
Pineapple launches $100M INJ treasury
Pineapple Financial Inc. signed a securities purchase agreement on September 2, 2025, for a $100 million private placement of subscription receipts at $3.80 each, payable in cash or INJ tokens, to fund its first Injective digital asset treasury strategy and buy INJ, making it the world's initial publicly traded INJ holder. The deal, backed by investors like FalconX and Kraken, eyes 12% passive yield from staking while tapping tokenization trends. Closing is slated for September 4, 2025, pending shareholder approval and SEC registration. Yet risks loom from market volatility.
8-K
Warrant exercises boost cash
Pineapple Financial Inc. saw investors exercise 302,967 warrants between July 25 and August 1, 2025, converting them into an equal number of common shares at $3.00 each, generating $908,901 in gross proceeds. This boosted the company's cash balance to $2,134,671 while increasing outstanding shares to 1,307,642. Warrants stemmed from the May 5, 2025 public offering. Cash influx strengthens liquidity amid expansion.
10-Q
Q3 FY2025 results
Pineapple Financial's Q3 FY2025 revenue climbed 1.4% y/y to $746,903, fueled by 10.2% higher gross billings from resilient mortgage originations amid easing rates, while YTD revenue rose 14.6% y/y to $2.26M on 9.2% more loan volume. Operating loss narrowed 22.3% y/y to $696K in the quarter and 18.8% YTD to $1.99M, thanks to 33.5% lower salaries and targeted efficiencies, though depreciation ticked up 0.4% q/q from tech investments. Cash swelled to $1.13M on $1.36M equity raises, offsetting $439K operating outflows; short-term director loans at 12% added $633K liquidity. Non-GAAP metrics not disclosed in the 10-Q. Yet losses persist.
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