Pineapple Financial announces $1.5 million public offering
- Pineapple Financial Inc. has announced a public offering comprising 10,000,000 units, priced at $1.5 million.
- The offering follows an SEC registration statement that was declared effective on May 1, 2025.
- This move aims to enhance the company's financial standing and market presence in the evolving mortgage technology sector.
On May 2, 2025, Pineapple Financial Inc., a prominent Canadian mortgage technology and brokerage company, officially declared the pricing of its public offering, consisting of 10,000,000 units. Each unit is made up of either one share. This offering is part of a broader strategy to enhance the company's financial capacity and market presence. The public offering is priced at $1.5 million and is facilitated under the company's registration statement filed with the Securities and Exchange Commission (SEC). The registration statement was amended on May 1, 2025, and has since been deemed effective. D. Boral Capital LLC is serving as the Exclusive Placement Agent for this public offering while two legal firms, Sichenzia Ross Ference Carmel LLP and Lucosky Brookman LLP, are providing legal counsel for the company and D. Boral Capital, respectively. The public offering will be conducted in compliance with US securities laws, ensuring the company adheres to regulatory standards. Furthermore, a final prospectus will be filed with the SEC and made available on their website, providing potential investors with necessary details regarding the offering. The opportunity presents potential investors with a unique entry point into investing in Pineapple Financial Inc., a firm recognized for its advancements in mortgage technology. However, the company has also communicated the inherent risks associated with forward-looking statements made regarding prospects tied to this offering. These statements are influenced by various market conditions and uncertainties, prompting the firm to caution investors on the potential for reality to diverge significantly from projections. With this public offering, Pineapple Financial seeks to bolster its operating capital amid a backdrop of fluctuating market dynamics. The need for enhanced financial resources comes as the mortgage technology landscape continues to evolve, presenting both challenges and opportunities for companies like Pineapple. Stakeholders and interested parties are encouraged to maintain awareness of developments related to the offering, as they may impact the company's business trajectory moving forward.