Pineapple Financial Inc.
For the period ended May 31, 2025. Filed Jul 14, 2025.
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.
May 31, 2025 · Filed Jul 14, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-02-28; filed 2025-04-14.
0001641172-25-004579
Unregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2025-05-31; filed 2025-07-14.
0001641172-25-019521
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 4 previous paragraphs and 15 current paragraphs.
2 unchanged; 1 reworded; 12 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (12)
Current report
Our securities are currently quoted on the OTC Pink Open Market, which may adversely affect the liquidity and market price of our common shares.
Current report
Following a notice of delisting from the NYSE American due to non-compliance with certain continued listing standards, our common shares commenced trading on the OTC Pink Open Market (OTCPK). While we have appealed the delisting decision and the process remains pending, there is no assurance that the appeal will be successful or that we will be able to regain listing on a national securities exchange.
Current report
Trading on the OTC Pink Open Market is generally less liquid and more volatile than trading on a national exchange. Investors may find it more difficult to buy or sell our common shares, and the market price may be subject to greater fluctuations with limited trading volume. Additionally, trading on the OTC Markets may limit our ability to access capital markets, attract institutional investors, or maintain analyst coverage.
Current report
Should we be unable to regain listing on a national exchange, our business, financial condition, and shareholder value could be materially adversely affected.
Current report
The Reverse Stock Split may not achieve the intended results and could adversely affect the liquidity of our common shares.
Current report
On June 26, 2025, the Company’s shareholders approved, and the Board of Directors authorized, a reverse stock split of the Company’s common shares at a ratio of 1-for-20. While the reverse stock split is intended to increase the trading price of our common shares and assist in regaining compliance with the continued listing requirements of the NYSE American, there can be no assurance that the reverse stock split will have the desired effect. The trading price of our common shares may decline below the required levels despite the reverse split, or the market may perceive the reverse split negatively, resulting in reduced liquidity or increased volatility. In addition, the reverse split could adversely impact the perception of our Company among investors, analysts, and other market participants
Current report
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.
Current report
Item 3 Defaults Upon Senior Securities.
Current report
On June 26, 2025, the Company’s shareholders approved, and the Board of Directors subsequently authorized, a reverse stock split of the Company’s common shares at a ratio of 1-for-20. The reverse stock split was implemented as part of the Company’s strategy to regain compliance with the continued listing standards of the NYSE American, specifically relating to minimum share price requirements. The Company is working with its transfer agent, regulatory authorities, and market participants to complete all necessary steps for the effective execution of the reverse stock split, including notification filings with FINRA and applicable Canadian securities regulators. The Company remains committed to maintaining its public listing and enhancing shareholder value.
Removed paragraphs (1)
Reworded paragraphs (1)
Previous wording
There were no issuances of unregistered sales of equity securities during the three months ended February 29, 2025.
Current wording
There were no issuances of unregistered sales of equity securities during the nine months ended May 31, 2025.