AINewsBreaks – Pineapple Financial Inc. (NYSE American: PAPL) Secures $3.5M in IPO

Company: Pineapple Financial Inc. (PAPL)
Category: News

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.

To view the full press release, visit

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.

About AINewsWire

AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness.

AINW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office

AINewsWire is powered by IBN