Pineapple Financial Inc.
For the period ended Feb 28, 2026. Filed Apr 13, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 28, 2026 · Filed Apr 13, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
During the six months ended February 28, 2026, the Company issued common shares and warrants in connection with a private placement transaction pursuant to a Securities Purchase Agreement dated September 1, 2025.
Upon satisfaction of the escrow release conditions and effectiveness of the registration statement, the subscription receipts were exchanged into equity securities on January 6, 2026.
The Company issued:
| ● | 5,776,304 common shares for aggregate gross cash proceeds of $21,949,955; |
| ● | 18,866,396 common shares in exchange for digital assets with a fair value of $31,323,740 at the date of issuance; and |
| ● | 1,039,346 warrants exercisable at $3.80 per share with a contractual term of five years. |
In addition, during the period:
| ● | 5,010 warrants were exercised, resulting in the issuance of 5,010 common shares, including: |
| ● | 5,000 warrants exercised at an exercise price of $3.00; and |
| ● | 10 warrants exercised at an exercise price of $3.90. |
The securities described above were issued in reliance on the exemption from registration provided bySection 4(a)(2) of the Securities Act andRule 506(b) of Regulation D, as transactions not involving a public offering. The investors were accredited investors, and no general solicitation was conducted.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.