Pineapple Financial, Inc. Announces Pricing of $1.0 Million Registered Direct Offering
Summary
Toronto, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Pineapple Financial, Inc. (NYSE: PAPL) (the Company), Canadas tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, today announced that it entered into a securities purchase agreement with a certain institutional investor to purchase approximately $1.0 million worth of its common shares (or common share equivalents in lieu thereof) in a registered direct offering.The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million, before deducting the placement agents fees and other estimated offering expenses. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Companys current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, is/are likely to, potential, continue or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. Additional factors are discussed in the Companys filings with the SEC, which are available for review at .Given these uncertainties, you should not place undue reliance on these forward-looking statements.