Pineapple Financial (NYSE American: PAPL), Canada’s tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, recently announced the closing of its initial public offering of 875,000 common shares, each at a public offering price of $4.00. The aggregate gross proceeds to Pineapple Financial are $3.5 million, before deducting underwriting discounts and other offering expenses. The company’s common shares began trading on the NYSE American Exchange under the ticker symbol PAPL on Nov. 1, 2023. EF Hutton, a division of Benchmark Investments LLC, acted as the sole book-running manager, and Dominari Securities LLC acted as co-manager for the offering. Sichenzia Ross Ference LLP acted as U.S. counsel to the company, and Lucosky Brookman LLP acted as counsel to EF Hutton.
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About Pineapple Financial Inc.
Pineapple is a leader in the Canadian mortgage industry, breaking the mold by focusing on both the long-term success of agents and brokerages, as well as the overall experience of homeowners. With approximately 600 brokers within the network, Pineapple utilizes cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their ultimate dream of owning a home. Pineapple is active within the community and is proud to sponsor cancer charities across Canada, improving the lives of fellow Canadians touched by cancer.
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